Current price places the company's stock 25.29% away from its 200-day simple moving average, 6.58%, away from the 50-day average and also 2.25% away from 20-day average. For the past month, Tyson Foods, Inc.'s stock has been 7.66%, 14.60% for the last quarter, 30.67% for the past six months and 13.60% for the past 52 weeks.
Operating income was $681 million, an increase from the corresponding quarter a year ago, which stood at $586 million. The correct version of this piece of content can be accessed at https://weekherald.com/2017/11/14/brokerages-anticipate-tyson-foods-inc-tsn-will-post-quarterly-sales-of-9-95-billion.html. Ameriprise Financial Inc. now owns 8,823,121 shares of the company's stock valued at $621,587,000 after purchasing an additional 980,069 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Tyson Foods by 505.8% during the second quarter. LSV Asset Management now owns 5,372,955 shares of the company's stock valued at $336,508,000 after buying an additional 171,600 shares during the last quarter.
Claar Advisors Llc increased Copart Inc (NASDAQ:CPRT) stake by 19,711 shares to 33,282 valued at $1.06M in 2017Q2.
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In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the business's stock in a transaction dated Monday, August 21st. Claar Advisors Llc sold 45,024 shares as Citigroup Inc (C)'s stock rose 1.55%. (TSN) traded up $0.32 during midday trading on Monday, reaching $74.14. The biggest holder now is John Tyson who owns 2,408,958 shares (0.67% of those outstanding), whilst Leland E. Tollett holds 1,799,153 (0.50% of shares outstanding) and Greg W. Lee holds 721,641 (0.20% of shares outstanding). The current price change puts the market capitalization at $15.87 bln. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79. Tyson Foods, Inc. (NYSE:TSN) has declined 9.94% since November 14, 2016 and is downtrending. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
USA meat processor Tyson Foods Inc's quarterly earnings and revenue topped analysts' forecasts, as its chicken and beef businesses benefited from strong demand as well as lower costs to buy animal feed. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. During the same period past year, the firm posted $0.96 EPS.
"Fiscal 2018 is off to a great start, and we're now expecting adjusted earnings growth of 7-10 percent to $5.70-5.85 per share", Tyson Foods CEO Tom Hayes said in a news release.
Several research firms have weighed in on TSN. Zacks Investment Research raised Tyson Foods from a "hold" rating to a "strong-buy" rating and set a $82.00 target price for the company in a report on Wednesday, October 4th. KeyCorp started coverage on Tyson Foods in a research report on Tuesday, October 31st.
A number of analysts have issued reports on TSN shares. They noted that the move was a valuation call. The company has an average rating of Hold and an average target price of $68.29. Finally, Pivotal Research raised Tyson Foods from a "sell" rating to a "hold" rating and set a $75.00 target price on the stock in a report on Monday. Evercore Wealth Management LLC now owns 1,775 shares of the company's stock valued at $119,000 after buying an additional 323 shares during the period. Tyson Foods now has an average rating of "Buy" and an average target price of $71.67.
The Springdale-based company also announced the purchase of Original Philly Holdings Inc., which Tyson said would strengthen its prepared foods business next year. The Firm offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.