This significant increase in ownership signifies a strong belief in Tyson Foods’ future prospects, particularly in the protein market. The firm’s confidence is further bolstered by the company’s recent performance, including its strong earnings and revenue growth. Thompson Siegel & Walmsley LLC’s investment strategy focuses on identifying undervalued companies with strong fundamentals.
Get Tyson Foods alerts: Analyst Upgrades and Downgrades A number of brokerages recently weighed in on TSN. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.44.
Tyson Foods Stock Performance NYSE:TSN opened at $61.40 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm’s 50-day moving average is $61.56 and its 200-day moving average is $59.08. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a market cap of $21.85 billion, a price-to-earnings ratio of -34.49, a PEG ratio of 0.43 and a beta of 0.78. Tyson Foods (NYSE:TSN – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.
This dividend announcement follows a period of strong performance for the company, driven by a combination of favorable industry conditions, operational efficiency, and strategic acquisitions. The firm has also been actively involved in implementing a comprehensive sustainability strategy. They have set ambitious goals for reducing their environmental footprint, improving social responsibility, and fostering economic growth. This strategy encompasses various initiatives, including:
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