Tyson Foods (NYSE:TSN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Tyson Foods has surpassed the industry in the past six months owing to strong performance in all business segments, particularly Chicken and Beef. The prepared foods category has also been depicting solid growth, courtesy of rising demand for protein-packed brands and synergies from the AdvancePierre’s buyout. Apart from this, divestment of non-protein businesses and poultry production expansion efforts signify the company’s focus on strengthening protein-packed brands portfolio. Notably, Tyson Foods’ growth drivers fueled results in fourth-quarter fiscal 2017, wherein both top and bottom lines grew year over year and topped estimates. The solid results also encouraged management to issue a favorable view However, the company remains exposed to the risk of raw materials price volatility. Also, stiff competition and intense promotions remain headwinds. Rising wage costs also pose threats to Tyson Foods’ operating results.”
A number of other equities research analysts have also issued reports on TSN. BMO Capital Markets restated an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Fundamental Research set a C$1.82 target price on shares of Tyson Foods and gave the company a “buy” rating in a research note on Thursday, August 17th. Royal Bank Of Canada upped their target price on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Mizuho restated a “buy” rating and issued a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Finally, Pivotal Research restated a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research note on Tuesday, August 8th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $73.71.
Tyson Foods (TSN) opened at $83.35 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75. The firm has a market cap of $30,726.51, a PE ratio of 15.74 and a beta of 0.36. Tyson Foods has a 12-month low of $56.95 and a 12-month high of $84.65.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. equities research analysts predict that Tyson Foods will post 5.81 earnings per share for the current year.
In related news, CFO Dennis Leatherby sold 115,293 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $82.09, for a total transaction of $9,464,402.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen R. Stouffer sold 7,754 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $79.55, for a total transaction of $616,830.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,485 shares of company stock worth $12,626,308. 2.65% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stevens First Principles Investment Advisors bought a new position in Tyson Foods in the 3rd quarter worth about $141,000. Sun Life Financial INC grew its position in Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares during the last quarter. Horan Capital Advisors LLC. bought a new position in Tyson Foods in the 3rd quarter worth about $155,000. IFP Advisors Inc grew its position in Tyson Foods by 17.0% in the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares during the last quarter. Finally, Cadence Bank NA bought a new position in Tyson Foods in the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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