BMO Capital Markets Forecasts Strong Price Appreciation for Tyson Foods (NYSE:TSN) Stock

Tyson Foods (NYSE:TSN) had its price objective boosted by investment analysts at BMO Capital Markets from $60.00 to $62.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 3.14% from the company’s previous close.

Other research analysts also recently issued reports about the company. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Trading Up 1.1 %

Shares of NYSE:TSN opened at $64.01 on Wednesday. Tyson Foods has a 52-week low of $46.51 and a 52-week high of $66.88. 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 company has a market capitalization of $22.78 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The company has a 50-day simple moving average of $60.09 and a 200 day simple moving average of $59.69.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction 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 in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Davis Selected Advisers acquired a new stake in Tyson Foods during the second quarter worth about $177,439,000. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after acquiring an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $29,537,000. Van ECK Associates Corp increased its stake in Tyson Foods by 45.5% in the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Tyson Foods by 138.7% during the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after purchasing an additional 336,487 shares during 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.