Tyson Foods (NYSE:TSN) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Tyson Foods shares fell below their 200-day moving average of $59.49 on Thursday, trading as low as $58.86 and last at $59.274.
• Analyst views are mixed: five rate the stock Buy, six Hold, and one Sell. MarketBeat reports an overall Hold rating and an average price target of $66.78, with several analysts recently lowering targets.

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $59.49 and traded as low as $58.86. Tyson Foods shares last traded at $59.2740, with a volume of 3,232,545 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Tyson Foods from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 22nd. Zacks Research lowered Tyson Foods from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Piper Sandler dropped their target price on shares of Tyson Foods from $66.00 to $56.00 and set an "overweight" rating on the stock in a report on Wednesday, October 7th. HSBC cut their price target on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upgraded Tyson Foods from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $65.00 to $63.00 in a report on Friday, September 18th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $66.78.

Tyson Foods Trading Down 1.0%

The stock has a market capitalization of $20.85 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The firm's fifty day simple moving average is $54.24 and its 200 day simple moving average is $59.49.

Institutional Trading of Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Reyes Financial Architecture Inc. bought a new position in shares of Tyson Foods in the third quarter worth about $28,000. Basecamp Wealth Advisors LLC grew its position in shares of Tyson Foods by 272.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company's stock valued at $30,000 after buying an additional 341 shares during the last quarter. Archer Investment Corp acquired a new stake in Tyson Foods during the 2nd quarter valued at approximately $31,000. Root Financial Partners LLC bought a new position in Tyson Foods during the third quarter worth $42,000. Finally, Meeder Asset Management Inc. raised its position in shares of Tyson Foods by 846.8% in the 1st quarter. Meeder Asset Management Inc. now owns 729 shares of the company's stock worth $47,000 after acquiring an additional 652 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

About Tyson Foods

Tyson Foods, Inc. is a food company focused on protein production and prepared foods. Its businesses include chicken, beef and pork products, as well as ready-to-eat and other prepared foods sold to retail customers, food-service operators and industrial buyers. The company's products are marketed under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park and Wright. Offerings range from fresh and frozen meat to deli products, sausages, bacon and prepared meals. Founded in 1935 by John W. Tyson, the company is headquartered in Springdale, Arkansas.

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