Piper Sandler Increases Tyson Foods (NYSE:TSN) Price Target to $58.00

Tyson Foods (NYSE:TSN) had its price objective lifted by Piper Sandler from $50.00 to $58.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other analysts have also weighed in on TSN. Citigroup cut 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. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday. Bank of America lowered their price objective 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. Finally, Stephens boosted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Up 0.5 %

Shares of NYSE TSN opened at $64.32 on Wednesday. The stock has a 50-day moving average price of $60.04 and a two-hundred day moving average price of $59.75. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78.

Insider Transactions at Tyson Foods

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

Institutional Inflows and Outflows

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

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.