Stephens Raises Tyson Foods (NYSE:TSN) Price Target to $60.00

Tyson Foods (NYSE:TSN) had its target price raised by Stephens from $57.00 to $60.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ target price would suggest a potential downside of 6.26% from the company’s current price.

Other research analysts have also issued research reports about the stock. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Citigroup decreased 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. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, BMO Capital Markets raised their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. 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. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Trading Up 1.1 %

NYSE:TSN opened at $64.01 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $60.09 and its 200-day moving average is $59.69. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 0.40 and a beta of 0.78. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its holdings 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 acquiring an additional 5,175 shares during the period. Cetera Advisors LLC boosted its position in Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after buying an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Tyson Foods by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after buying an additional 44,167 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Tyson Foods during the first quarter worth approximately $527,000. Finally, Sei Investments Co. raised its stake in shares of Tyson Foods by 14.9% in the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock valued at $11,576,000 after acquiring an additional 25,527 shares during the last quarter. 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.