Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Target Price at $60.80

Tyson Foods, Inc. (NYSE:TSN) has earned an average recommendation of “Reduce” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $60.80.

Several equities research analysts have issued reports on the company. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th.

Tyson Foods Stock Performance

Tyson Foods stock opened at $55.73 on Thursday. The stock has a market cap of $19.83 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. 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 firm has a 50 day simple moving average of $60.15 and a 200-day simple moving average of $60.38. Tyson Foods has a 1-year low of $51.16 and a 1-year high of $66.88.

Insider Activity

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently made changes to their positions in TSN. Brooklyn Investment Group increased its stake in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. 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 valued at $35,000 after buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the 3rd quarter worth $36,000. ST Germain D J Co. Inc. purchased a new stake in Tyson Foods in the fourth quarter valued at $42,000. Finally, 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 valued at $44,000 after acquiring an additional 561 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.