Tyson Foods (NYSE:TSN) is expanding into fully non-meat protein sources. Non-meat protein consumption is growing rapidly and TSN knows it cannot afford to get left behind. Aside from the direct
Tyson Foods: Almost Fully Priced But Decent Income Potential
Summary
- Tyson Foods (TSN) has had a great start to 2021, but remains below its 2020 pre-COVID highs.
- The valuation is reasonable but expected growth is modest.
- The Wall Street consensus is bullish but the price is close to the 12-month price target.
- The market-implied outlook (derived from options prices) is neutral.
- My overall rating is neutral but covered calls look somewhat attractive.
Geoff has worked in quantitative finance for more than twenty years. Before entering finance, Geoff was a research scientist for NASA. Geoff holds a PhD in Atmospheric Science from the University of Colorado - Boulder and a BS in Physics from Georgia Tech. Neither Geoff Considine nor Quantext (Geoff's company) are investment advisors. Nothing in any commentary here on Seeking Alpha or elsewhere shall be regarded as advice.
Analyst’s Disclosure:I am/we are long TSN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I have sold covered calls as described in the post
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