|Last Update: 05/20/13 - 4:01 PM EDT|
|YTD Performance: 28.61%|
|Previous Close: $24.95|
|52 Week Range: $14.07 - $25.22|
|Oustanding Shares: 354,842,208|
|Market Cap: 7,106,420,002|
|Qtr (06/13)||Qtr (09/13)||FY (09/13)||FY (09/14)|
|Number of Analysts||6||5||8||8|
|Growth Rate (Year over Year)||16.33%||26.91%||9.88%||19.36%|
These purchases could be seen as a bullish bet on the chicken industry in general.
Here is how I am picking apart the sectors looking for strong relative performance candidates.
Tyson Foods Annual Meeting of Shareholders - 11AM
TSN was upgraded from Underperform to Buy, Bank of America/Merrill Lynch said. $27 price target. Company is leveraged to improved chicken and beef fundamentals.
TSN was upgraded to Outperform from Maket Perform, BMO Capital Markets said. $27 price target. Structural change in beef.
TSN was upgraded from Neutral to Buy, DA Davidson said. $25 price target. Estimates also boosted, as the company is realizing higher margins.
TSN was downgraded from Buy to Neutral, Goldman Sachs said. $15 price target. Estimates also cut, given lower expected production rates.
TSN estimates were reduced through 2013, Bank of America/Merrill Lynch said. Company is facing higher grain costs and seeing lower consumer demand. Underperform rating and new $13 price target.
TSN was downgraded from Buy to Underperform, Bank of America/Merrill Lynch said. $16 price target. Lower demand will likely cut into margins.
TSN was downgraded from Equal-weight to Underweight, Morgan Stanley said. Higher grain prices could persist.