Tyson Foods Inc. (NYSE:TSN) finished Wednesday with a subtraction of -$0.57 to close at $53.47, a downside of -1.05 percent. An average of 3,145,980 shares of common stock have been traded in the last five days. There was a gain of $0.07 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,555,450 shares traded, while the 50-day average volume stands at 3,120,874.
TSN stock has decreased by -1.40% in the last month. The company shares reached their 1-month lowest point of $50.10 on 08/07/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $47.11 and a high of $80.69 in 52 weeks. It has reached a new high 5 times so far this year and lost -14.10% or -$8.78 in price. In spite of this, the price is down -33.73% from the 52-week high.
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Insider Transactions
TSN stock investors should be aware that Tyson Foods Inc. (TSN) stock had its last reported insider trading activity 262 days ago on May 12. In this transaction, the insider spent $322,186. Group President Fresh Meats, Miller Shane, disposed of 6,608 shares at a price of $67.75 on Nov 22. The insider now owns more than $447,692 worth of shares.
Valuation Metrics
Tyson Foods Inc. (TSN) has a trailing price-to-earnings (P/E) ratio of 57.49. The stock’s beta is 0.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.35, the price-to-book (PB) ratio at 1.01, and the price-to-cash flow ratio at 192.12.
Financial Health
The quick ratio of Tyson Foods Inc. for the three months ended June 29 was 0.70, and the current ratio was 1.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.50 for the quarter ending June 29. Tyson Foods Inc.’s EBITDA margin for the year ending June 29 is 10.21%, while its operating margin for the same period stands at 1.60%. Its gross profit as reported stood at $6.67 billion compared to revenue of $53.28 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tyson Foods Inc.’s return on assets was 0.90%.
Earnings Surprise
For the three-month period that ended June 29, Tyson Foods Inc. had $8.86 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$417.0 million in the quarter, while revenues were grew 279.86%. The analyst consensus anticipated Tyson Foods Inc.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.15, a -42.30% surprise. For the quarter, EBITDA amounted to $421.0 million. Shareholders own equity worth $355.56 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tyson Foods Inc. (TSN) price momentum. RSI 9-day as of the close on 23 August was 42.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.18%.
As of today, TSN’s price is $54.21 +0.13% or $0.07 from its 5-day moving average. TSN is currently trading -2.85% lower than its 20-day SMA and -8.32% lower than its 100-day SMA. However, the stock’s current price level is +5.57% above the SMA50 and -19.67% below the SMA200.
The stochastic %K and %D were 56.87% and 60.63%, respectively, and the average true range (ATR) was 1.22. With the 14-day stochastic at 47.84% and the average true range at 1.23, the RSI (14) stands at 46.89%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.
Analyst Ratings
Goldman reiterated its a Neutral rating on Tyson Foods Inc. (NYSE: TSN), but raised their price target to $66, indicating a potential price increase of 18.98% for the stock. The consensus rating for Tyson Foods Inc. (TSN) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TSN, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is TSN’s price target for the next 12 months?
Analysts predict a range of price targets between $48.00 and $70.00, with a median target of $53.50. Taking a look at these predictions, the average price target given by analysts for Tyson Foods Inc. (TSN) stock is $56.29.
