Analysts at Credit Suisse boosted their price target on shares of Tyson Foods (NYSE:TSN) from $24.00 to $30.00 in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target points to a potential downside of 1.96% from the stock’s previous close.
Tyson Foods (NYSE:TSN) traded down 0.36% on Thursday, hitting $30.60. Tyson Foods has a 1-year low of $14.75 and a 1-year high of $30.93. The stock’s 50-day moving average is currently $26.87. The company has a market cap of $10.858 billion and a price-to-earnings ratio of 21.06.
Tyson Foods (NYSE:TSN) last released its earnings data on Monday, August 5th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.09. The company had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.65 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Tyson Foods will post $2.20 earnings per share for the current fiscal year.
TSN has been the subject of a number of other recent research reports. Analysts at KeyCorp raised their price target on shares of Tyson Foods from $28.00 to $32.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Tyson Foods in a research note to investors on Monday, July 15th. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Tyson Foods in a research note to investors on Wednesday, July 10th. They now have a $34.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $28.91.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%.
Tyson Foods, Inc and its subsidiaries is a meat protein companies and food production company. The Company produces, distributes and markets chicken, beefs, pork, prepared foods and related allied products.