Tyson Foods (NYSE:TSN) Shares Gap Down - What's Next?

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. StockNews.com cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $62.63.

Tyson Foods Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock's fifty day moving average is $60.54 and its 200-day moving average is $59.69. The stock has a market capitalization of $19.84 billion, a P/E ratio of 18.81, a PEG ratio of 0.74 and a beta of 0.63.

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

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its position in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the last quarter. Sound Income Strategies LLC lifted its position 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 worth $3,248,000 after purchasing 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 valued at $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Liberty One Investment Management LLC lifted its position in shares of Tyson Foods by 7.1% during the 4th quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock valued at $4,288,000 after acquiring an additional 4,922 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after buying an additional 1,532 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

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.