Tyson Foods (NYSE:TSN) Downgraded to Hold at StockNews.com

Tyson Foods (NYSE:TSN - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 17th. Bank of America upgraded 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 research note on Tuesday, February 6th. Stephens restated an "overweight" rating and issued a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. BMO Capital Markets lifted their target price on Tyson Foods from $55.00 to $58.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 7th. Finally, HSBC increased their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the company a "reduce" rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $60.22.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.61 during mid-day trading on Friday, reaching $59.71. The company's stock had a trading volume of 1,358,768 shares, compared to its average volume of 2,838,652. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $59.36 and a 200-day moving average price of $54.78. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $62.04. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of -33.54, a PEG ratio of 0.44 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. Tyson Foods's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. Sell-side analysts predict that Tyson Foods will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Tyson Foods

Institutional investors have recently made changes to their positions in the company. Ridgewood Investments LLC grew its position in Tyson Foods by 0.8% in the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company's stock valued at $1,512,000 after acquiring an additional 199 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company's stock valued at $43,000 after purchasing an additional 214 shares during the last quarter. Spire Wealth Management boosted its position in Tyson Foods by 21.7% in the fourth quarter. Spire Wealth Management now owns 1,340 shares of the company's stock valued at $71,000 after buying an additional 239 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Tyson Foods by 26.1% during the fourth quarter. Allworth Financial LP now owns 1,185 shares of the company's stock worth $64,000 after buying an additional 245 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

About Tyson Foods

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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