Tyson Foods (NYSE:TSN) Stock Price Expected to Rise, Piper Sandler Analyst Says

Tyson Foods (NYSE:TSN) had its price objective lifted by Piper Sandler from $50.00 to $58.00 in a research report report published on Wednesday,Benzinga reports. Piper Sandler currently has an underweight rating on the stock.

A number of other research analysts have also commented on the company. Bank of America lowered their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Stephens increased their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Performance

Shares of TSN opened at $63.32 on Wednesday. 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 52 week low of $45.38 and a 52 week high of $66.88. The company’s 50 day moving average price is $60.14 and its 200 day moving average price is $59.67. The company has a market capitalization of $22.53 billion, a PE ratio of 28.14, a PEG ratio of 0.40 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TSN. Oppenheimer & Co. Inc. boosted its stake in shares of Tyson Foods by 100.7% in the 1st 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 during the last quarter. Cetera Advisors LLC grew its holdings in Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,425 shares during the period. Envestnet Asset Management Inc. grew its holdings in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after acquiring an additional 44,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Tyson Foods during the 1st quarter valued at $527,000. Finally, Sei Investments Co. lifted its stake in shares of Tyson Foods by 14.9% in the 1st 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 period. Institutional investors own 67.00% of the company’s stock.

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.