Tyson Foods (NYSE:TSN) Stock Price Expected to Rise, Piper Sandler Analyst Says

Tyson Foods (NYSE:TSN) had its target price hoisted by research analysts at Piper Sandler from $50.00 to $58.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Piper Sandler’s price objective would suggest a potential downside of 9.39% from the stock’s previous close.

A number of other research firms have also issued reports on TSN. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of TSN stock opened at $64.01 on Wednesday. The stock’s 50-day moving average is $60.09 and its two-hundred day moving average is $59.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods has a 1 year low of $46.51 and a 1 year high of $66.88. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 0.40 and a beta of 0.78.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value 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 $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tyson Foods

Institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC grew its stake in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods during the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. bought a new position in Tyson Foods in the 2nd quarter worth about $54,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Tyson Foods in the 3rd quarter valued at approximately $59,000. Institutional investors 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.