Tyson Foods (TSN) Gets a Hold Rating from RBC Capital

By Ryan Adsit

RBC Capital analyst David Palmer reiterated a Hold rating on Tyson Foods (NYSE: TSN) today and set a price target of $77. The company’s shares closed yesterday at $59.64, close to its 52-week low of $56.79.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 9.9% and a 69.3% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hain Celestial, and Pinnacle Foods.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tyson Foods with a $71.90 average price target.

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Tyson Foods’ market cap is currently $21.51B and has a P/E ratio of 7.80. The company has a Price to Book ratio of 1.77.

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

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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.