The stock of Tyson Foods Inc. (NYSE:TSN) decreased by -$0.68 on Tuesday to finish at $53.73, down -1.25 percent. The last five days have seen an average of 2,464,500 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$8.52. The average number of shares traded over the last 20 days was 3,473,865, while the average volume over the last 50 days totaled 3,089,904.
TSN stock appreciated 3.57% since last month. On 08/07/23, the company’s shares reached a one-month low of $50.10. The stock touched a high of $82.49 on 01/24/23, after rallying from a low of $47.11 in 52 weeks. The price of TSN stock has declined by -13.69% or -$8.52 this year, reaching a new high 5 times. Still, the stock price is down -34.86% from the 52-week high.
Insider Transactions
TSN stock investors should be aware that Tyson Foods Inc. (TSN) stock had its last reported insider trading activity 96 days ago on May 12. On May 12, Director MCNAMARA KEVIN M acquired 20,500 shares at $48.92 each. This transaction resulted in the insider spending $1,002,803. On May 12, Soderstrom Johanna added 5,000 shares at a price of US$49.22. After the transaction, the insider now owns 32,847 shares. President&CEO King Donnie had earlier bought 10,350 shares on May 11 for $48.35 a share. The transaction was completed for $500,422.
Valuation Metrics
Tyson Foods Inc. (TSN) has a trailing price-to-earnings (P/E) ratio of 83.95. Beta for the stock is 0.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 1.01, and the price-to-cash flow ratio of 189.71.
Company paid $0.48 per share in dividends, remained unchanged from $0.48 last year.
Financial Health
For the three months ended June 29, Tyson Foods Inc.’s quick ratio was 0.70, while its current ratio was 1.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.47, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is 6.50% percent. Tyson Foods Inc.’s EBITDA margin for the year ended June 29 was 10.21%, whereas its operating margin stood at 1.60% for the same period. Based on annual data, it had gross profit of $6.67 billion and revenue of $53.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TSN’s return on assets (ROA) during the last 12 months has been 0.90%. There was a 12.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.80%.
Earnings Surprise
According to Tyson Foods Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $13.14 billion, while revenues fell by -2.7% to $13.13 billion. It was predicted that Tyson Foods Inc.’s quarterly earnings would be $0.15, but it ended up being $0.26, beating the consensus by -42.30%. EBITDA was $421.0 million for the quarter. At the end of Tyson Foods Inc.’s most recent quarter ended June 29, its liabilities totaled 17.85 billion, while its total debt was $9.32 billion. Equity owned by shareholders amounts to $355.56 million.
Technical Picture
Here’s a quick look at Tyson Foods Inc.’s (TSN) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 44.90%, suggesting the stock is Neutral, with a 31.18% historical volatility rate.
The stochastic %K and %D were 61.89% and 61.02% respectively, while the average true range (ATR) was 1.43. Based on the 14-day stochastic reading of 51.53%, the RSI (14) reading is 48.83%. On the 9-day MACD Oscillator, the stock is at -0.32, and the 14-day reading is at -0.63.
Analyst Ratings
In a note to investors, Goldman maintained its a Neutral rating on Tyson Foods Inc. (NYSE: TSN). However, the firm raised their price target to $64, indicating a possible increase of 18.59% in the stock price. Analysts have assigned Tyson Foods Inc. (TSN) an Hold rating. TSN is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is TSN’s price target for the next 12 months?
The current consensus forecast for the stock is between $48.00 and $70.00, with a median target price of $53.50. In analyzing these forecasts, the average price target given by analysts for Tyson Foods Inc. (TSN) is $56.29.
