Tyson Foods, Inc. (NYSE:TSN) shares traded 2.69% higher at $51.54 on Wall Street last session.
In accordance with the data, 14 analysts cover Tyson Foods, Inc. (NYSE:TSN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $43.00, we find $50.00. Given the previous closing price of $50.19, this indicates a potential downside of -0.38 percent. TSN stock price is now 8.37% away from the 50-day moving average and -2.75% away from the 200-day moving average. The market capitalization of the company currently stands at $17.95B.
It has been rated a hold by 7 analysts and a buy by 3. Brokers who have rated the stock have averaged $51.64 as their price target over the next twelve months.
With the price target of $49, HSBC Securities recently initiated with Reduce rating for Tyson Foods, Inc. (NYSE: TSN).
In other news, MORRIS WES, Group President Poultry sold 9,362 shares of the company’s stock on Nov 17. The stock was sold for $450,406 at an average price of $48.11. Upon completion of the transaction, the Group President Poultry now directly owns 33,397 shares in the company, valued at $1.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, Group President Poultry MORRIS WES sold 1,000 shares of the business’s stock. A total of $48,128 was realized by selling the stock at an average price of $48.13. Insiders disposed of 176,534 shares of company stock worth roughly $9.1 million over the past 1 year. A total of 20.24% of the company’s stock is owned by insiders.
Tyson Foods, Inc. (NYSE: TSN) opened at $50.35 on Thursday. During the past 12 months, Tyson Foods, Inc. has had a low of $44.94 and a high of $66.79. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.34, and a quick ratio of 0.52. The fifty day moving average price for TSN is $47.59 and a two-hundred day moving average price translates $52.95 for the stock.
The latest earnings results from Tyson Foods, Inc. (NYSE: TSN) was released for Sep, 2023. According to the Farm Products Company, earnings per share came in at $0.37, beating analysts’ expectations of $0.29 by 0.08. This compares to $1.50 EPS in the same period last year. The net profit margin was -1.23% and return on equity was -3.43% for TSN. The company reported revenue of $13.35 billion for the quarter, compared to $13.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.83 percent. For the current quarter, analysts expect TSN to generate $13.32B in revenue.
Tyson Foods, Inc.(TSN) 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. It also manufactures and markets frozen and refrigerated food products, including ready-to-eat sandwiches, flame-grilled hamburgers, Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks, and processed meats under the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp, and State Fair brands. The company sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors who serve restaurants and food service operations, such as plant and school cafeterias, convenience stores, hospitals, and other vendors, as well as through independent brokers and trading companies. The company was founded in 1935 and is headquartered in Springdale, Arkansas.
