Tyson Foods (TSN, Financial) has received a slight boost in its price target from Citi, with analyst Thomas Palmer increasing it from $59 to $60. This adjustment comes as the company prepares to release its fiscal second-quarter earnings report on May 5. Despite the modest increase, Palmer maintains a Neutral rating on the stock.
The decision to adjust the price target is based on expectations of a small earnings per share (EPS) beat, with projections indicating a 4-cent rise, largely due to improved performance in Tyson's chicken segment. While the company may enhance its profit outlook for this particular unit, the overall profit forecast for the company is expected to remain unchanged.
Investors are keeping a close watch on how the developments in the chicken market segment could influence Tyson's broader financial health. As the fiscal Q2 report approaches, stakeholders are eager to see if the anticipated gains in chicken will translate into broader company growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Tyson Foods Inc (TSN, Financial) is $66.50 with a high estimate of $79.45 and a low estimate of $58.00. The average target implies an upside of 8.00% from the current price of $61.57. More detailed estimate data can be found on the Tyson Foods Inc (TSN) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Tyson Foods Inc's (TSN, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tyson Foods Inc (TSN, Financial) in one year is $60.56, suggesting a downside of 1.64% from the current price of $61.57. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tyson Foods Inc (TSN) Summary page.
