Stephens Boosts Tyson Foods (NYSE:TSN) Price Target to $60.00

Tyson Foods (NYSE:TSN) had its target price upped by Stephens from $57.00 to $60.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also recently commented on TSN. Citigroup lowered their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays lifted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. BMO Capital Markets upped their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of TSN opened at $64.32 on Wednesday. Tyson Foods has a 1 year low of $46.51 and a 1 year high of $66.88. The stock has a market capitalization of $22.89 billion, a PE ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock has a 50-day simple moving average of $60.04 and a 200-day simple moving average of $59.75.

Insiders Place Their Bets

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. raised its position in Tyson Foods by 16.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,690 shares of the company’s stock worth $510,000 after buying an additional 1,220 shares during the last quarter. Empowered Funds LLC raised its holdings in Tyson Foods by 145.2% during the first quarter. Empowered Funds LLC now owns 11,087 shares of the company’s stock worth $651,000 after purchasing an additional 6,565 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after purchasing an additional 5,175 shares during the period. Sei Investments Co. boosted its holdings in Tyson Foods by 14.9% in the 1st quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock valued at $11,576,000 after purchasing an additional 25,527 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Tyson Foods by 32.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,053 shares of the company’s stock worth $1,119,000 after buying an additional 4,679 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Company Profile

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.