Brokerages Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $60.75

by · The Cerbat Gem

Shares of Tyson Foods, Inc. (NYSE:TSN – Get Free Report) have earned an average rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $60.75.

A number of research firms have issued reports on TSN. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Santander initiated coverage on Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating for the company. Finally, Bernstein Bank downgraded Tyson Foods to a “market perform” rating and cut their price target for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd.

Check Out Our Latest Research Report on TSN

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $53.92 on Wednesday. The stock has a market capitalization of $19.18 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The business has a 50-day moving average of $53.36 and a 200 day moving average of $54.90. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $65.33.

Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Tyson Foods has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.8%. Tyson Foods’s payout ratio is currently 150.38%.

Institutional Investors Weigh In On Tyson Foods

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Tyson Foods by 70.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock worth $3,195,000 after buying an additional 23,625 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Tyson Foods by 66.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock worth $18,604,000 after acquiring an additional 132,947 shares during the period. Y Intercept Hong Kong Ltd raised its position in Tyson Foods by 128.9% in the second quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after acquiring an additional 30,713 shares in the last quarter. Tabor Asset Management LP purchased a new position in Tyson Foods in the first quarter worth $2,180,000. Finally, Pzena Investment Management LLC lifted its holdings in Tyson Foods by 3.4% in the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after acquiring an additional 444,648 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Company Profile

(Get Free Report)

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.

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