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

Tyson Foods (NYSE:TSN - Get Free Report) had its price target decreased by analysts at JPMorgan Chase & Co. from $63.00 to $61.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 10.29% from the stock's current price.

A number of other equities research analysts have also recently issued reports on TSN. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price on the stock. Barclays decreased their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup increased their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and an average target price of $62.63.

Tyson Foods Stock Down 1.8 %

Shares of NYSE TSN traded down $1.03 on Tuesday, hitting $55.31. The company had a trading volume of 2,803,797 shares, compared to its average volume of 2,379,244. The firm has a market capitalization of $19.70 billion, a P/E ratio of 18.69, a PEG ratio of 0.74 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods has a 12-month low of $53.61 and a 12-month high of $66.88. The business has a 50 day moving average of $60.33 and a two-hundred day moving average of $59.65.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The business's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Institutional Trading of Tyson Foods

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after buying an additional 446,648 shares during the last quarter. Synovus Financial Corp raised its stake in Tyson Foods by 12.9% in the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock valued at $374,000 after acquiring an additional 720 shares during the period. Franklin Resources Inc. increased its holdings in shares of Tyson Foods by 146.3% in the third quarter. Franklin Resources Inc. now owns 79,506 shares of the company's stock valued at $4,758,000 after purchasing an additional 47,232 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Tyson Foods by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company's stock worth $21,962,000 after buying an additional 13,066 shares during the period. Finally, Nordea Investment Management AB lifted its position in Tyson Foods by 21.7% during the fourth quarter. Nordea Investment Management AB now owns 26,854 shares of the company's stock worth $1,536,000 after acquiring an additional 4,787 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

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.