Tyson Foods, Inc. (TSN) Upgraded to Hold by Pivotal Research Group

Tyson Foods, Inc. (NYSE:TSN) was upgraded by Pivotal Research Group from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday. The firm presently has a $75.00 price target on the stock. Pivotal Research Group’s price objective would indicate a potential downside of 1.41% from the company’s previous close.

Several other analysts have also weighed in on the stock. lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 28th. KeyCorp assumed coverage on shares of Tyson Foods in a research report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 price target for the company. Credit Suisse Group assumed coverage on shares of Tyson Foods in a research report on Wednesday, July 19th. They set a “neutral” rating and a $65.00 price target for the company. Jefferies Group LLC set a $85.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Tyson Foods currently has a consensus rating of “Buy” and a consensus price target of $72.62.

Shares of Tyson Foods (NYSE:TSN) opened at $76.07 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $76.62. The firm has a market cap of $27,157.75, a price-to-earnings ratio of 14.23 and a beta of 0.30.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 20.00%. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts forecast that Tyson Foods will post 5.79 EPS for the current year.

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In other Tyson Foods news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $0.53, for a total value of $56,849.92. 2.65% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Financial Counselors Inc. lifted its holdings in Tyson Foods by 0.3% in the 2nd quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after acquiring an additional 15 shares during the last quarter. Montecito Bank & Trust lifted its holdings in Tyson Foods by 3.7% in the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock valued at $260,000 after acquiring an additional 147 shares during the last quarter. Lumbard & Kellner LLC lifted its holdings in Tyson Foods by 0.4% in the 2nd quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock valued at $2,497,000 after acquiring an additional 150 shares during the last quarter. Quantum Capital Management lifted its stake in Tyson Foods by 4.3% during the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock valued at $242,000 after buying an additional 161 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Tyson Foods by 0.5% during the second quarter. CIBC Asset Management Inc now owns 34,779 shares of the company’s stock valued at $2,178,000 after buying an additional 166 shares in the last quarter. 70.69% of the stock is owned by institutional investors.

About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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