JPMorgan Chase & Co. Boosts Tyson Foods (NYSE:TSN) Price Target to $59.00

Tyson Foods (NYSE:TSN - Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $58.00 to $59.00 in a report released on Monday. JPMorgan Chase & Co.'s price target indicates a potential upside of 0.85% from the company's current price.

A number of other analysts also recently issued reports on the stock. Bank of America raised shares of Tyson Foods from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. Barclays raised Tyson Foods from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. StockNews.com raised shares of Tyson Foods from a "sell" rating to a "hold" rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets upped their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the company a "market perform" rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $59.20.

Tyson Foods Price Performance

Shares of TSN stock traded down $3.52 on Monday, reaching $58.50. The company's stock had a trading volume of 11,585,491 shares, compared to its average volume of 2,865,119. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $62.04. The stock's 50 day simple moving average is $57.80 and its 200-day simple moving average is $53.53. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $20.85 billion, a P/E ratio of -23.68, a PEG ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods's revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, equities analysts predict that Tyson Foods will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds have recently made changes to their positions in TSN. Envestnet Portfolio Solutions Inc. boosted its stake in Tyson Foods by 16.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,690 shares of the company's stock worth $510,000 after purchasing an additional 1,220 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Tyson Foods by 3.6% in the first quarter. Empirical Finance LLC now owns 10,050 shares of the company's stock worth $590,000 after buying an additional 348 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Tyson Foods by 0.5% during the first quarter. Texas Permanent School Fund Corp now owns 59,189 shares of the company's stock valued at $3,476,000 after acquiring an additional 298 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company's stock worth $619,605,000 after acquiring an additional 4,662,332 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Tyson Foods by 131.6% in the 1st quarter. Larson Financial Group LLC now owns 3,837 shares of the company's stock valued at $225,000 after acquiring an additional 2,180 shares in the last quarter. 67.00% of the stock is currently 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.