Tyson Foods (NYSE:TSN) Shares Gap Down - Time to Sell?

Tyson Foods, Inc. (NYSE:TSN - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $60.79, but opened at $57.60. Tyson Foods shares last traded at $55.46, with a volume of 2,260,455 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. Citigroup lifted their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average target price of $62.63.

Tyson Foods Stock Down 1.8 %

The firm has a market cap of $19.70 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $60.33 and a two-hundred day simple moving average of $59.65.

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

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors have recently added to or reduced their stakes in TSN. CenterBook Partners LP boosted its position in shares of Tyson Foods by 6.1% during the 1st quarter. CenterBook Partners LP now owns 5,073 shares of the company's stock valued at $324,000 after acquiring an additional 293 shares during the last quarter. 1834 Investment Advisors Co. raised its stake in Tyson Foods by 19.3% in the first quarter. 1834 Investment Advisors Co. now owns 52,520 shares of the company's stock valued at $3,351,000 after purchasing an additional 8,507 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Tyson Foods during the first quarter valued at approximately $335,000. Charles Schwab Investment Management Inc. grew its stake in Tyson Foods by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,510,275 shares of the company's stock worth $160,181,000 after buying an additional 53,535 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new position in shares of Tyson Foods in the 1st quarter worth $1,548,000. 67.00% of the stock is currently owned by institutional investors.

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.