Tyson Foods (NYSE:TSN) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• Tyson Foods has been reissued a "neutral" rating by JPMorgan Chase & Co., with a price target of $60.00, indicating a potential upside of 5.95% from its previous close.
• Other analysts have varied ratings and price targets, with Sanford C. Bernstein lowering its rating to "market perform" and adjusting the target price to $59.00.
• The company announced a share buyback plan allowing for the repurchase of up to 43 million shares, signaling that the board believes its stock may be undervalued.

Analysts at JPMorgan Chase & Co. began coverage on shares of Tyson Foods (NYSE:TSN - Get Free Report) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $60.00 price target on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 4.19% from the company's current price.

Several other equities analysts have also weighed in on TSN. Stephens cut their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets cut their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Stock Up 1.1%

TSN traded up $0.6160 during midday trading on Wednesday, hitting $57.5860. 1,986,836 shares of the company's stock traded hands, compared to its average volume of 2,773,614. The company has a market cap of $20.49 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 0.79 and a beta of 0.59. The stock's fifty day simple moving average is $55.14 and its 200-day simple moving average is $57.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. Tyson Foods has a one year low of $51.85 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The firm had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its board has approved a share buyback plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors have recently modified their holdings of TSN. Norges Bank acquired a new stake in shares of Tyson Foods in the second quarter worth $246,055,000. Davis Selected Advisers grew its stake in shares of Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company's stock worth $501,025,000 after acquiring an additional 4,276,884 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after acquiring an additional 2,518,416 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after acquiring an additional 1,597,272 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Tyson Foods by 36.0% in the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company's stock worth $328,039,000 after acquiring an additional 1,550,812 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.