Pivotal Research Maintains a Sell Rating on Tyson Foods (TSN)

By Jason Carr

Pivotal Research analyst Timothy Ramey maintained a Sell rating on Tyson Foods (TSNResearch Report) today and set a price target of $40. The company’s shares opened today at $59.05, close to its 52-week low of $56.79.

According to TipRanks.com, Ramey is a 5-star analyst with an average return of 10.3% and a 60.0% success rate. Ramey covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Post Holdings Inc, and Brown-Forman B.

Tyson Foods has an analyst consensus of Moderate Buy, with a price target consensus of $74.

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Based on Tyson Foods’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.03 billion and net profit of $541 million. In comparison, last year the company earned revenue of $10.15 billion and had a net profit of $394 million.

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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.