Tyson Foods (NYSE:TSN) Price Target Raised to $62.00

Tyson Foods (NYSE:TSN) had its price objective increased by BMO Capital Markets from $60.00 to $62.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other analysts also recently weighed in on the stock. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. Citigroup lowered their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Trading Up 0.5 %

TSN stock opened at $64.32 on Wednesday. The company has a market capitalization of $22.89 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods has a one year low of $46.51 and a one year high of $66.88. The company’s 50 day moving average price is $60.04 and its two-hundred day moving average price is $59.75.

Insider Activity at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Institutional Trading of Tyson Foods

Several large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Tyson Foods by 16.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,690 shares of the company’s stock worth $510,000 after buying an additional 1,220 shares during the period. Empowered Funds LLC increased its stake in shares of Tyson Foods by 145.2% during the first quarter. Empowered Funds LLC now owns 11,087 shares of the company’s stock valued at $651,000 after purchasing an additional 6,565 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Tyson Foods by 100.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after purchasing an additional 5,175 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Tyson Foods by 14.9% during the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock valued at $11,576,000 after purchasing an additional 25,527 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Tyson Foods by 32.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,053 shares of the company’s stock worth $1,119,000 after buying an additional 4,679 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.