Analysts Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $60.67

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given an average rating of “Reduce” by the nine brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $60.67.

TSN has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Bank of America dropped their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price objective 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, November 13th. Finally, Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th.

Tyson Foods Stock Performance

NYSE:TSN opened at $64.50 on Wednesday. The company has a market capitalization of $22.95 billion, a P/E ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. The business has a fifty day simple moving average of $60.41 and a two-hundred day simple moving average of $60.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods has a 1 year low of $46.51 and a 1 year high of $66.88.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the sale, the insider now directly owns 10,625 shares in the company, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock worth $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods in the 3rd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Tyson Foods by 301.6% in the third 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 in the last quarter. Hantz Financial Services Inc. bought a new position in Tyson Foods during the second quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Tyson Foods during the third quarter worth approximately $59,000. 67.00% of the stock is currently owned by hedge funds and other 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.