JPMorgan Chase & Co. Lowers Tyson Foods (NYSE:TSN) Price Target to $61.00

Tyson Foods (NYSE:TSN - Get Free Report) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $63.00 to $61.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 9.16% from the company's current price.

Other equities analysts have also recently issued reports about the company. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Citigroup raised their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and a consensus price target of $61.56.

Tyson Foods Stock Down 0.4 %

Shares of TSN traded down $0.20 during mid-day trading on Tuesday, reaching $55.88. The company had a trading volume of 1,350,206 shares, compared to its average volume of 2,379,278. Tyson Foods has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The firm has a 50-day moving average price of $60.76 and a 200 day moving average price of $59.75.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. On average, sell-side analysts forecast that Tyson Foods will post 3.8 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB boosted its stake in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares during the period. Sound Income Strategies LLC lifted its stake in Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after acquiring an additional 6,955 shares during the period. Empowered Funds LLC increased its holdings in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after buying an additional 18,059 shares during the period. Liberty One Investment Management LLC raised its holdings in Tyson Foods by 7.1% in the fourth quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock worth $4,288,000 after purchasing an additional 4,922 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after buying an additional 1,532 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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