Piper Jaffray Thinks Tyson Foods’ Stock is Going to Recover

By Ryan Adsit

Piper Jaffray analyst Michael Lavery reiterated a Buy rating on Tyson Foods (NYSE: TSN) today and set a price target of $75. The company’s shares opened today at $59.64, close to its 52-week low of $56.79.

According to TipRanks.com, Lavery is a 1-star analyst with an average return of -0.5% and a 48.9% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Campbell Soup, and General Mills.

Tyson Foods has an analyst consensus of Moderate Buy, with a price target consensus of $71.33, which is a 19.6% upside from current levels. In a report issued on July 27, Stephens also maintained a Buy rating on the stock with a $82 price target.

.

See today’s analyst top recommended stocks >>

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 2.33M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.