TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Tyson Foods shares are down 28.8% YTD. Should I invest?

by souhaib
December 28, 2020
in Economie
0
Tyson Foods shares are down 28.8% YTD. Should I invest?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022


Tyson Foods (NYSE: TSN) shares have weakened from $91 below $43 since the beginning of January 2020, and the current price stands around $64. The company’s business has proven resilient throughout the pandemic, and shares of this company look like a good value investment.

Fundamental analysis: Tyson Foods is facing the current covid crisis relatively well

Tyson Foods is an American multinational corporation that is the world’s second-largest processor and marketer of chicken, beef, and pork after JBS. Tyson Foods shares have weakened more than 28% since the beginning of the 2020 year, and according to analysts, this stock could be a very good investment option.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

The company’s business has proven resilient throughout the pandemic, with sales roughly flat, and Tyson Foods looks like a good value investment. Management of the company has forecasted $330 million of direct incremental costs related to COVID for the 2021 fiscal year, but with a 2.7% dividend yield, this stock remains attractive for traders and for income investors.

 JPMorgan lowered its price target on Tyson Foods to $70, but this is still above the stock’s current price. JPMorgan assigned a neutral rating on Tyson Foods but also mentioned that this stock has been one of the better ones in their coverage lately.

“Our annual EPS estimates are more-or-less static, and our price target falls by $2 to $70 to reflect our increased concerns about EBITDA growth. Although we continue to believe that TSN will benefit from improved away-from-home eating trends in FY21, we now view the risk/reward in the shares as balanced,” said analyst Ken Goldman from JPMorgan.

On the other side, side Piper Sandler analyst Michael Lavery has upgraded this stock to $77 from $70 on hopes that the vaccine will help lift foodservice sales.

The company’s revenue had increased in the 2020 fiscal year to $43.18B from 42.40B in 2019, and the growth projects will ensure that the numbers will be moving up in the future. It is also important to mention that the 2020 fiscal year’s net income was $2.14B while the net income in the 2019 fiscal year was $2.02B.

There are also some apparent risks when it comes to investing in Tyson Foods shares, but with the market capitalization of $23B, this company is still undervalued relative to its competition.

Technical analysis: $70 represents a strong resistance level

Tyson Foods shares are down 28.8% YTD. Should I invest?
Data source: tradingview.com

The critical support levels are $60 and $55; $70 and $80 represent the resistance levels. If the price jumps above $70, it would be a signal to buy Tyson Foods shares, and the next target could be around $75.

On the other side, if the price falls below the $60 support level, we have the open way to $55 or even $50.

Summary

Tyson Foods is facing the current covid crisis relatively well, and this company looks like a good value investment. JPMorgan lowered its price target on Tyson Foods to $70, which is still above the current price, while Piper Sandler has upgraded this stock to $77.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Millions more Britons face being plunged into Tier 4 lockdown this week

Next Post

Biden: The leadership of the Pentagon is blocking the transfer of power to the next administration

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post
Biden: The leadership of the Pentagon is blocking the transfer of power to the next administration

Biden: The leadership of the Pentagon is blocking the transfer of power to the next administration

No Result
View All Result

Recent Posts

  • Details Visualization Applications and Its Positive aspects
  • Anshu Jain, Deutsche Financial institution Main in a Pivotal Period, Dies at 59
  • Probiotic 40++ Reviews 2022
  • The decision to increase financing rates is up to each entity: Amsofipo
  • Dow Jones Futures: Market Rally Runs Up To Key Test; Here’s What To Do Now

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide