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

Tyson Foods (NYSE:TSN) had its price target upped by investment analysts at Citigroup from $59.00 to $60.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price points to a potential downside of 2.02% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.00.

Tyson Foods Price Performance

NYSE TSN traded down $0.33 during trading on Tuesday, reaching $61.24. The company’s stock had a trading volume of 84,559 shares, compared to its average volume of 2,490,163. The firm has a fifty day moving average of $60.15 and a 200 day moving average of $59.59. Tyson Foods has a one year low of $53.61 and a one year high of $66.88. The stock has a market capitalization of $21.81 billion, a PE ratio of 20.69, a P/E/G ratio of 0.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the firm posted $0.69 earnings per share. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Tyson Foods will post 3.8 EPS for the current fiscal year.

Institutional Trading of Tyson Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Norges Bank purchased a new stake in shares of Tyson Foods in the 4th quarter worth about $175,086,000. Arrowstreet Capital Limited Partnership boosted its position in Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after acquiring an additional 551,530 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock worth $29,459,000 after acquiring an additional 453,853 shares during the period. Barclays PLC raised its position in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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.