Tyson Foods (NYSE:TSN) Downgraded by Piper Sandler

Tyson Foods (NYSE:TSN - Get Free Report) was downgraded by investment analysts at Piper Sandler from a "neutral" rating to an "underweight" rating in a report released on Wednesday, MarketBeat.com reports. They presently have a $50.00 price target on the stock, down from their prior price target of $57.00. Piper Sandler's target price points to a potential downside of 13.73% from the stock's previous close.

A number of other equities analysts have also recently weighed in on TSN. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, August 6th. Barclays raised their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Bank of America lowered their target price on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $60.67.

Tyson Foods Trading Down 4.2 %

Shares of NYSE:TSN traded down $2.56 during midday trading on Wednesday, hitting $57.96. The company had a trading volume of 3,449,826 shares, compared to its average volume of 2,545,220. The firm has a fifty day simple moving average of $62.13 and a 200 day simple moving average of $59.49. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of -32.56, a PEG ratio of 0.42 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same period in the previous year, the company earned $0.15 EPS. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts predict that Tyson Foods will post 2.82 EPS for the current year.

Hedge Funds Weigh In On Tyson Foods

Large investors have recently modified their holdings of the business. First Financial Corp IN bought a new stake in Tyson Foods during the first quarter worth $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods in the 1st quarter valued at about $42,000. Lindbrook Capital LLC grew its holdings in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company's stock worth $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. acquired a new position in Tyson Foods during the first quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. bought a new stake in Tyson Foods in the second quarter valued at approximately $54,000. 67.00% of the stock is currently 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.