Tyson Foods (NYSE: TSN) was downgraded by Zacks Investment Research from a "hold" rating to a "sell According to Zacks," Tyson Foods has fallen behind the industry over the past three months, as it continues to experience higher wage and freight costs, operating revenues for the beef, chicken, pork and processed food sectors in the second quarter should also persist during the 2018 fiscal year.Also, Tyson Foods is also exposed to headwinds such as price volatility and the availability of raw materials.But the company is posting a strong performance in its segments of chicken, beef and prepared foods, driven by growing demand for protein-rich products, as well as through savings from the Financial Fitness program and positive synergies. AdvancePierre, the company contributed to the company's performance in the second quarter of fiscal 2018. Encouragingly, Tyson Foods expects such improvements to continue in the coming periods . Estimates remained stable before profits. "
A number of other equity research analysts also weighed on stocks," reiterated a "sell" rating on Tyson Foods shares in a research note on Thursday, July 5th. lowered Tyson Foods shares from a "hold" rating to a "sell" grade in a research note on Monday, July 2. Sanford C. Bernstein took over coverage of Tyson Foods shares in a note of search on Thursday, May 10. They established an "outperformance" for the company.Canada Credit Suisse Group set a target price of $ 71.00 on shares of Tyson Foods and awarded the company a note "hold In a research note on Tuesday, May 8. Finally, Buckingham Research has reevaluated its rating and published a price target of $ 71.00 (vs. $ 79.00) on Tyson Foods shares in a research note on Tuesday May 8. Four financial analysts evaluated the stock with a sales note, sep They did not issue a blocking note and ten issued a purchase note for the company's stock. The stock currently has a consensus rating of "Hold" and an average price target of $ 72.55.
TSN's shares were depreciated by $ 1.57 at midday Tuesday, reaching $ 57.15. The company had a trading volume of 249,554 shares, compared to its average volume of 2,160,881. The stock has a market capitalization of $ 23.39 billion, a P / E ratio of 10.93, a P / E / G ratio of 0.88 and a beta of 0.19. Tyson Foods has a 52-week low of $ 58.33 and a high of $ 52.65 in 52 weeks. The company has a quick ratio of 0.69, a ratio of 1.56 and a debt ratio of 0.73.
Tyson Foods (NYSE: TSN) last released its quarterly results on Monday, May 7th. The company reported earnings per share (EPS) of $ 1.27 for the quarter, with no consensus estimate of $ 1.31 ($ 0.04). The company achieved a turnover of $ 9.77 billion during the quarter, compared to $ 9.86 billion by consensus. Tyson Foods recorded a net margin of 6.97% and a return on equity of 19.10%. The business activity figure is up 7.6% over the same quarter of last year. During the same period last year, the company posted a profit of $ 1.01 per share. Stock analysts predict that Tyson Foods will post EPS of 6.57 for the current year.
In addition, CEO Thomas P. Hayes sold 20,202 shares of Tyson Foods in connection with a transaction that occurred on Sunday, July 1. The shares were sold at an average price of $ 68.85, for a total transaction of $ 1,390,907.70. The sale has been disclosed in a document filed with the SEC, which can be accessed through this hypertext link. In addition, Sally Grimes sold 19,258 shares of Tyson Foods as part of a transaction on Sunday, July 1st. The shares were sold at an average price of $ 68.85, for a total transaction of $ 1,325,913.30. The disclosure for this sale can be found here. Insiders sold a total of 39,610 shares valued at $ 2,727,593 in the last three months. Insiders own 1.55% of the shares of the company.
A number of hedge funds have recently changed their holdings of TSN. BerganKDV Wealth Management LLC acquired a new stake in Tyson Foods shares during the second quarter valued at $ 103,000. MB Financial Bank Trust Dept. N A acquired a new position in Tyson Foods in the second quarter, valued at $ 106,000. Verity Asset Management Inc. has acquired a new position in Tyson Foods during the first quarter worth $ 209,000. Northwest Wealth Management LLC acquired a new position in Tyson Foods during the second quarter valued at $ 216,000. Finally, Financial Gravity Wealth Inc. acquired a new position in Tyson Foods during the first quarter, valued at $ 219,000. 71.88% of the stock is currently held by institutional investors.
About Tyson Foods
Tyson Foods, Inc., together with its subsidiaries, operates on a global basis in the food industry. It operates through four segments: chicken, beef, pork and prepared foods. The company raises and processes chickens into fresh, frozen and value-added chicken products; transforms live fattened and live pigs; and manufactures beef and pork carcasses dressed in primary and secondary pieces of meat, as well as ready-to-cook beef and pork, and fully cooked meats.
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