Tyson Foods (NYSE:TSN) Given New $63.00 Price Target at Sanford C. Bernstein

Tyson Foods (NYSE:TSN) had its price target lowered by investment analysts at Sanford C. Bernstein from $72.00 to $63.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 7.87% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Stephens raised their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Mizuho began coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price on the stock. Finally, Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.60.

Tyson Foods Stock Performance

Shares of TSN opened at $58.40 on Thursday. The business’s fifty day moving average price is $61.77 and its 200 day moving average price is $61.84. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $69.48. The stock has a market capitalization of $20.57 billion, a PE ratio of 45.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods will post 4.16 EPS for the current year.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Basecamp Wealth Advisors LLC raised its stake in Tyson Foods by 272.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 341 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Tyson Foods by 42.9% during the first quarter. Empowered Funds LLC now owns 112,953 shares of the company’s stock valued at $7,237,000 after purchasing an additional 33,895 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Tyson Foods by 7.5% during the first quarter. NewEdge Advisors LLC now owns 7,216 shares of the company’s stock valued at $462,000 after purchasing an additional 505 shares during the period. Alpine Woods Capital Investors LLC bought a new stake in shares of Tyson Foods during the first quarter valued at about $1,630,000. Finally, Groupama Asset Managment raised its stake in shares of Tyson Foods by 1.3% during the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after purchasing an additional 159 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.