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

Tyson Foods (NYSE:TSN) had its target price upped by Stephens from $57.00 to $60.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on TSN. Barclays raised 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. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Price Performance

Tyson Foods stock opened at $63.32 on Wednesday. The firm’s 50-day moving average is $60.14 and its two-hundred day moving average is $59.67. 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 stock has a market capitalization of $22.53 billion, a P/E ratio of 28.14, a P/E/G ratio of 0.40 and a beta of 0.78. Tyson Foods has a 12-month low of $45.38 and a 12-month high of $66.88.

Institutional Trading of Tyson Foods

Hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Tyson Foods in the third quarter worth $36,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods during the second quarter worth $54,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Tyson Foods in the 3rd quarter worth about $59,000. 67.00% of the stock is owned by institutional investors.

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.