Mizuho Securities Thinks Tyson Foods’ Stock is Going to Recover

By Jason Carr

In a report released today, Jeremy Scott from Mizuho Securities reiterated a Buy rating on Tyson Foods (TSNResearch Report), with a price target of $78. The company’s shares closed yesterday at $58.17, close to its 52-week low of $56.79.

According to TipRanks.com, Scott is a 1-star analyst with an average return of -3.2% and a 35.1% success rate. Scott covers the Services sector, focusing on stocks such as Texas Roadhouse, Domino’s Pizza, and Starbucks Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tyson Foods with a $67.67 average price target, implying a 16.3% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $75 price target.

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The company has a one-year high of $84.65 and a one-year low of $56.79. Currently, Tyson Foods has an average volume of 2.52M.

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Tyson Foods, Inc. engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales from allied products.