Stephens Issues Positive Forecast for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSN) had its price objective raised by Stephens from $57.00 to $60.00 in a report published on Wednesday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

Several other research analysts have also recently weighed in on TSN. BMO Capital Markets increased their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Bank of America lowered their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Price Performance

NYSE:TSN opened at $64.32 on Wednesday. The firm’s fifty day moving average price is $60.04 and its two-hundred day moving average price is $59.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The company has a market cap of $22.89 billion, a P/E ratio of 28.59, a P/E/G ratio of 0.40 and a beta of 0.78. Tyson Foods has a one year low of $46.51 and a one year high of $66.88.

Insider Buying and Selling

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its position in Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC boosted its holdings in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Tyson Foods by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock valued at $632,000 after purchasing an additional 189 shares during the period. PNC Financial Services Group Inc. raised its holdings in Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after purchasing an additional 189 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 198 shares during the period. 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.