At the time of writing, Tyson Foods, Inc. [TSN] stock is trading at $54.24, up 0.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The TSN shares have gain 2.17% over the last week, with a monthly amount drifted -1.49%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, Tyson Foods, Inc. Announces Pricing of Senior Notes Offerings. In a post published today on Yahoo Finance, Tyson Foods, Inc. (NYSE: TSN) announced today that it has agreed to sell $600 million aggregate principal amount of its 5.400% Senior Notes due 2029 (the “2029 notes”) and $900 million aggregate principal amount of its 5.700% Senior Notes due 2034 (the “2034 notes”) in underwritten public offerings under its effective shelf registration statement. The offerings are expected to close on March 8, 2024, subject to the satisfaction of customary closing conditions.
From an analyst’s perspective:
Tyson Foods, Inc. [NYSE: TSN] stock has seen the most recent analyst activity on February 06, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $62 from $47. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $56. On September 22, 2023, HSBC Securities initiated with a Reduce rating and assigned a price target of $49 on the stock. Goldman reiterated its Neutral rating and decreased its price target to $64 on April 20, 2023. Goldman downgraded its rating to Neutral for this stock on February 07, 2023, and downed its price target to $66. In a note dated November 28, 2022, Barclays downgraded an Underweight rating on this stock and revised its target price from $89 to $58.
For the past year, the stock price of Tyson Foods, Inc. fluctuated between $44.94 and $63.28. Currently, Wall Street analysts expect the stock to reach $53.73 within the next 12 months. Tyson Foods, Inc. [NYSE: TSN] shares were valued at $54.24 at the most recent close of the market. An investor can expect a potential drop of -0.94% based on the average TSN price forecast.
Analyzing the TSN fundamentals
According to Tyson Foods, Inc. [NYSE:TSN], the company’s sales were 52.94B for trailing twelve months, which represents an 0.44% jump. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.78 points at the first support level, and at 53.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.53, and for the 2nd resistance point, it is at 54.81.
Tyson Foods, Inc. [TSN] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.28 and a surprise factor of 68.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.37 per share as compared to estimates of $0.29 per share, a difference of $0.08 representing a surprise of 27.60%.
Ratios To Look Out For
It is important to note that Tyson Foods, Inc. [NYSE:TSN] has a current ratio of 1.49. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 1.04.
Transactions by insiders
Recent insider trading involved White Noel W, Director, that happened on Feb 20 when 9000.0 shares were sold. Group President Poultry, MORRIS WES completed a deal on Nov 17 to sell 9362.0 shares. Meanwhile, Group President Poultry MORRIS WES sold 1000.0 shares on Nov 17.
