BMO Capital Downgrades Tyson Foods to Market Perform

Brokerage firm BMO Capital Downgrades its rating on Tyson Foods(NYSE:TSN). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by BMO Capital was issued on Jun 6, 2016.

In a different note, Argus Research said it Initiates Coverage on Tyson Foods, according to a research note issued on Apr 21, 2016. The shares have been rated ‘Buy’ by the firm.

Tyson Foods (TSN) shares turned negative on Fridays trading session with the shares closing down -0.71 points or -1.16% at a volume of 38,36,902. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $61.38. The peak price level was also seen at $61.38 while the days lowest was $60.27. Finally the shares closed at $60.57. The 52-week high of the shares is $70.44 while the 52-week low is $39.05. According to the latest information available, the market cap of the company is $22,444 M.

Tyson Foods(TSN) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.17B. Analysts had an estimated revenue of $9.04B. Earnings per share were $1.07. Analysts had estimated an EPS of $0.94.

Several Insider Transactions has been reported to the SEC. On Apr 22, 2016, Howell P Carper (EVP Strategy and New Ventures) sold 64,763 shares at $63.76 per share price.Also, On Mar 28, 2016, Bebber David L Van (EVP & General Counsel) sold 75,467 shares at $67.01 per share price.On Mar 1, 2016, Noel W White (President Poultry) sold 78,453 shares at $66.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Tyson Foods Inc. is a food production company. The Company’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Tyson Foods - Is it time to Sell?

Top Brokerage Firms are advising their investors on Tyson Foods. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.