Tyson Foods (NYSE:TSN) Price Target Cut to $61.00 by Analysts at Stephens

Tyson Foods (NYSE:TSN - Get Free Report) had its target price decreased by analysts at Stephens from $63.00 to $61.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Stephens' price objective would suggest a potential upside of 9.19% from the stock's previous close.

Several other equities analysts also recently weighed in on TSN. Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective for the company. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.33.

Tyson Foods Trading Down 0.4 %

Shares of NYSE:TSN traded down $0.22 during trading on Tuesday, reaching $55.87. The stock had a trading volume of 1,730,044 shares, compared to its average volume of 2,380,396. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $19.90 billion, a P/E ratio of 18.88, a PEG ratio of 0.74 and a beta of 0.63. The business has a fifty day moving average price of $60.76 and a 200-day moving average price of $59.75. Tyson Foods has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same period in the previous year, the firm posted $0.62 EPS. Tyson Foods's revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods in the fourth quarter worth $25,000. Riverview Trust Co increased its holdings in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after buying an additional 445 shares during the last quarter. Curat Global LLC acquired a new stake in Tyson Foods during the first quarter valued at approximately $28,000. Brooklyn Investment Group grew its position in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.