Tyson traded down 1.16 percent on November 7, hitting $17.06. The company has a 52-week low of $14.065 and a 52-week high of $21.06. “Tyson’s third quarter 2012 earnings of $0.50 per share declined 2 percent year over year due to rising input costs and soft demand for meat in the U.S.," said Zacks. "Although chicken saw a slight increase in sales, pork, beef and prepared foods segments all reported declines in the quarter. Overall, Tyson is working on growing its prepared foods, international poultry and value-added poultry businesses by producing high-quality foods using innovative and cost effective processes."
Drought conditions in the U.S. have reduced expected grain supplies, which will result in higher input costs as well as increased costs for cattle and hog producers, said Zacks analysts. "Moreover, the continued soft demand for meat keeps us on the sidelines with a Neutral recommendation.”
Analysts at Cleveland Research upgraded shares of Tyson Foods from a “neutral” rating to a “buy” rating on November 1. Analysts at KeyBanc reiterated a “buy” rating on shares of Tyson Foods on October 18, with a $23.00 price target on the company's stock. Credit Suisse reiterated a “neutral” rating on shares of Tyson Foods on October 9, with an $18.00 price target on the stock.