Price Target Update on Tyson Foods (NYSE:TSN)

Tyson Foods (NYSE:TSN) : The consensus price target for Tyson Foods (NYSE:TSN) is $71 for the short term with a standard deviation of $5.42. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $80, however, the pessimist price target for the company is $65.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, BMO Capital, downgrades their rating on the shares of Tyson Foods (NYSE:TSN). BMO Capital has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 6, 2016.

Tyson Foods (NYSE:TSN): stock turned positive on Thursday. Though the stock opened at $63.02, the bulls momentum made the stock top out at $63.37 level for the day. The stock recorded a low of $62.7 and closed the trading day at $63.36, in the green by 1.08%. The total traded volume for the day was 3,180,650. The stock had closed at $62.68 in the previous days trading.

The company shares have rallied 40.38% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $70.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $64.16 and the 200 Day Moving Average price is recorded at $61.24. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Carper Howell P, officer (EVP Strategy and New Ventures) of Tyson Foods Inc, had unloaded 64,763 shares at an average price of $63.76 in a transaction dated on April 20, 2016. The total value of the transaction was worth $4,129,289.

Tyson Foods, Inc., is a food production company. The Companys operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products. Beef, includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Pork, includes operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Prepared Foods, includes operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations of products through the supply chain. International, includes foreign operations related to raising and processing live chickens into fresh, frozen and value-added chicken products in across countries.

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