Stephens Cuts Tyson Foods (NYSE:TSN) Price Target to $61.00

Tyson Foods (NYSE:TSN - Free Report) had its price objective lowered by Stephens from $63.00 to $61.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the stock. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Citigroup boosted their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Finally, Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company 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. According to data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and a consensus price target of $62.63.

Tyson Foods Stock Performance

NYSE TSN traded down $1.03 during trading hours on Tuesday, reaching $55.31. The stock had a trading volume of 2,803,797 shares, compared to its average volume of 2,379,244. Tyson Foods has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market cap of $19.70 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The stock has a fifty day moving average of $60.33 and a 200 day moving average of $59.65.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. Sell-side analysts predict that Tyson Foods will post 3.8 earnings per share for the current year.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently bought and sold shares of TSN. Handelsbanken Fonder AB increased its position in shares of Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after purchasing an additional 729 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after acquiring an additional 6,955 shares during the period. Empowered Funds LLC boosted its position in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after purchasing an additional 18,059 shares during the period. Liberty One Investment Management LLC increased its holdings in Tyson Foods by 7.1% in the 4th quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock valued at $4,288,000 after purchasing an additional 4,922 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Tyson Foods by 14.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after purchasing an additional 1,532 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.