Pivotal Research Upgrades Tyson Foods to Hold

By Ryan Adsit

In a report released today, Timothy Ramey from Pivotal Research upgraded Tyson Foods (NYSE: TSN) to Hold, with a price target of $75. The company’s shares opened today at $75.59, close to its 52-week high of $75.83.

According to TipRanks.com, Ramey is a 4-star analyst with an average return of 5.5% and a 58.2% success rate. Ramey covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Omega Protein Corp, and Post Holdings Inc.

Currently, the analyst consensus on Tyson Foods is Moderate Buy and the average price target is $80.13, representing a 6.0% upside.

In a report issued on November 3, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $76 price target.

The company has a one-year high of $75.83 and a one-year low of $55.72. Currently, Tyson Foods has an average volume of 2.2M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Dennis Leatherby, the EVP & CFO of TSN sold 145,100 shares for a total of $9,571,463.

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.