Trade-Ideas LLC identified

Tyson Foods

(

TSN

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Tyson Foods as such a stock due to the following factors:

  • TSN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $199.4 million.
  • TSN has traded 33,258 shares today.
  • TSN is trading at a new lifetime high.

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More details on TSN:

Tyson Foods, Inc., together with its subsidiaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products. The stock currently has a dividend yield of 0.9%. TSN has a PE ratio of 17. Currently there are 5 analysts that rate Tyson Foods a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Tyson Foods has been 4.7 million shares per day over the past 30 days. Tyson has a market cap of $14.0 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.57 and a short float of 10.6% with 7.59 days to cover. Shares are up 15.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tyson Foods as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.0%. Since the same quarter one year prior, revenues slightly increased by 4.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • TYSON FOODS INC has improved earnings per share by 13.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TYSON FOODS INC increased its bottom line by earning $2.40 versus $2.32 in the prior year. This year, the market expects an improvement in earnings ($3.20 versus $2.40).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 31.9% when compared to the same quarter one year prior, rising from $260.00 million to $343.00 million.

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