Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 1.0%. By the end of trading, Tyson Foods rose $2.91 (8.4%) to $37.40 on heavy volume. Throughout the day, 11,977,839 shares of Tyson Foods exchanged hands as compared to its average daily volume of 3,681,400 shares. The stock ranged in a price between $35.61-$38.25 after having opened the day at $35.68 as compared to the previous trading day's close of $34.49. Other companies within the Food & Beverage industry that increased today were:
), up 4.0%,
), up 3.2%,
), up 2.8% and
), up 2.3%.
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Tyson Foods, Inc., together with its subsidiaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. Tyson Foods has a market cap of $9.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Tyson Foods a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Tyson Foods Ratings Report.
On the negative front,
), down 10.5%,
), down 8.5%,
), down 6.1% and
), down 5.6% , were all laggards within the food & beverage industry with
) being today's food & beverage industry laggard.
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) while those bearish on the food & beverage industry could consider
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