Tyson Foods (NYSE:TSN) Price Target Raised to $59.00

Tyson Foods (NYSE:TSN) had its price target upped by JPMorgan Chase & Co. from $58.00 to $59.00 in a research report report published on Monday.

A number of other research firms also recently issued reports on TSN. The Goldman Sachs Group increased their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Piper Sandler lifted their price target on Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a research report on Friday, January 26th. Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Barclays upgraded shares of Tyson Foods from an underweight rating to an overweight rating and boosted their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Finally, Bank of America upgraded shares of Tyson Foods from an underperform rating to a neutral rating and increased their price target for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $60.60.

Tyson Foods Trading Up 0.4 %

NYSE TSN opened at $59.14 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The stock has a market cap of $21.07 billion, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. The stock has a 50 day simple moving average of $57.89 and a two-hundred day simple moving average of $53.62.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Tyson Foods will post 2.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently bought and sold shares of TSN. Cambridge Investment Research Advisors Inc. increased its stake in Tyson Foods by 1.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company’s stock worth $3,271,000 after buying an additional 1,068 shares in the last quarter. Raymond James & Associates raised its stake in Tyson Foods by 2.6% during the 3rd quarter. Raymond James & Associates now owns 183,668 shares of the company’s stock valued at $9,273,000 after purchasing an additional 4,618 shares during the period. Lindbrook Capital LLC lifted its holdings in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tyson Foods by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company’s stock worth $5,511,000 after purchasing an additional 4,382 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Tyson Foods by 3.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company’s stock worth $2,853,000 after purchasing an additional 1,755 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

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.