Argus Upgrades Tyson Foods, Inc. (TSN) to “Buy”

Tyson Foods, Inc. (NYSE:TSN) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $90.00 price target on the stock. Argus’ price target indicates a potential upside of 15.43% from the stock’s current price.

A number of other equities research analysts have also recently commented on TSN. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Thursday, August 10th. BMO Capital Markets reissued an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Fundamental Research set a C$1.82 target price on Tyson Foods and gave the stock a “buy” rating in a research note on Thursday, August 17th. Royal Bank Of Canada increased their target price on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Pivotal Research reissued a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research note on Tuesday, August 8th. Eight equities research 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 company’s stock. The company currently has an average rating of “Buy” and an average target price of $73.71.

Tyson Foods (TSN) traded up $0.71 on Wednesday, reaching $77.97. The company’s stock had a trading volume of 2,078,142 shares, compared to its average volume of 2,654,724. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 1.55. The company has a market capitalization of $28,660.00, a P/E ratio of 14.35 and a beta of 0.30. Tyson Foods has a twelve month low of $55.72 and a twelve month high of $78.03.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts predict that Tyson Foods will post 5.81 EPS for the current fiscal year.

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In other Tyson Foods news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction dated Monday, August 21st. The stock was 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 have recently bought and sold shares of the business. Financial Counselors Inc. lifted its holdings in Tyson Foods by 0.3% in the second 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 period. Montecito Bank & Trust lifted its holdings in Tyson Foods by 3.7% in the second 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 period. Lumbard & Kellner LLC lifted its holdings in Tyson Foods by 0.4% in the second 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 period. Quantum Capital Management raised its stake in shares of Tyson Foods by 4.3% in the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock worth $242,000 after buying an additional 161 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Tyson Foods by 0.5% in the second quarter. CIBC Asset Management Inc now owns 34,779 shares of the company’s stock worth $2,178,000 after buying an additional 166 shares during the period. 70.69% of the stock is currently 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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