Tyson Foods (NYSE:TSN) Price Target Raised to $58.00

Tyson Foods (NYSE:TSN) had its target price lifted by equities research analysts at Piper Sandler from $50.00 to $58.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Piper Sandler’s target price would suggest a potential downside of 9.39% from the company’s current price.

Several other equities research analysts also recently commented on the company. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday. Two investment 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Price Performance

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 business’s 50-day moving average price is $60.09 and its 200 day moving average price is $59.69. Tyson Foods has a 52-week low of $46.51 and a 52-week high of $66.88. The firm has a market cap of $22.78 billion, a P/E ratio of 28.45, a PEG ratio of 0.40 and a beta of 0.78.

Insider Activity at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the stock in a transaction 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 transaction, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC raised its stake 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 valued at $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods in the third quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. bought a new position in Tyson Foods in the 2nd quarter worth $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the 3rd quarter worth $59,000. 67.00% of the stock is currently 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.