Yahoo Finance Analysts’ Target Prices for Tyson Foods after Fiscal 2Q16 Results
Tyson Foods’ Fiscal 2Q16 Earnings and Updated Guidance
Analysts’ recommendations for Tyson Foods
In this article, we’ll discuss Wall Street analysts’ ratings and 12-month target prices for Tyson Foods (TSN) after fiscal 2Q16 earnings. The ratings remained the same. Approximately 58% of analysts still rate Tyson Foods a “buy,” and 42% rate it a “hold.” None of the analysts rate it a “sell.”
Consensus rating for Tyson Foods
The average broker target price for Tyson Foods was raised by 8% from $73.50 to $79.56. This is 14% higher than the closing price of $68.48 on May 11. The company’s peers include Hormel Foods (HRL), Sanderson Farms (SAFM), and Pilgrim’s Pride (PPC). They have average broker target prices of $42.75, $90.80, and $28.0, respectively. These figures imply returns of 6.4%, -3.1%, and 7.2%, respectively, in the next 12 months.
These stocks are all part of the First Trust Consumer Staples AlphaDEX Fund (FXG). FXG invests 5.8% of its holdings in Tyson Foods, 3.6% of its holdings in Pilgrim’s Pride, and 5.1% of its holdings in Hormel Foods. The SPDR S&P Dividend ETF (SDY) and the PowerShares DWA Momentum Portfolio (PDP) invest 0.75% and 1.5% of their respective holdings in Hormel Foods.
More recommendations for Tyson Foods
Regarding individual recommendations, Pivotal Research Group was consistent with its earlier assigned target price of $100 for Tyson Foods. The target price is 31% higher than the closing price of $68.48 on May 11. The firm rates the stock a “strong buy.”
On January 5, RBC Capital Markets downgraded Tyson Foods from “outperform” to “sector perform.” It rates Tyson Foods a “hold.” The firm raised its target price for Tyson Foods from $60 to $65 on May 3. After the 2Q16 earnings, the firm raised its target price yet again to $68. This is 0.71% lower than Tyson’s current trading price.
Stephens gave Tyson Foods’ stock an optimistic target price of $85, and both Argus Research and Goldman Sachs gave the stock a target price of $80. These prices imply rises of ~19% and 14%, respectively, in the next 12 months. They all rate the stock a “strong buy.” Stephens and Goldman Sachs updated their target price for Tyson Foods after the earnings release. BMO Capital Markets rates the stock a “strong buy.”
J.P. Morgan rates Tyson Foods a “hold.” It increased its target price for the stock from $58 to $68 after the earnings release. This is 0.71% lower from the closing price on May 11. Morningstar and BB&T Capital Markets haven’t provided target prices. However, they rate Tyson Foods a “hold.”
In the next part of this series, we’ll look at Tyson Foods’ valuation after fiscal 2Q16 earnings.
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