Tyson Foods (NYSE:TSN) PT Lowered to $62.00

Tyson Foods (NYSE:TSN - Get Free Report) had its price target dropped by analysts at Bank of America from $65.00 to $62.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Bank of America's target price would indicate a potential upside of 3.58% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Piper Sandler lowered Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Stephens began coverage on Tyson Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $57.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets upped their target price on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $59.22.

Tyson Foods Price Performance

Shares of NYSE TSN traded up $0.01 during midday trading on Tuesday, reaching $59.86. The company's stock had a trading volume of 1,720,096 shares, compared to its average volume of 2,481,406. The company has a market cap of $21.37 billion, a price-to-earnings ratio of -33.85, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. Tyson Foods has a one year low of $44.94 and a one year high of $66.88. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $61.66 and a 200 day moving average price of $59.65.

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

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC boosted its stake in shares of Tyson Foods by 24.9% during the 4th quarter. Fisher Asset Management LLC now owns 51,051 shares of the company's stock worth $2,744,000 after acquiring an additional 10,167 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Tyson Foods by 47.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 7,317 shares of the company's stock valued at $393,000 after purchasing an additional 2,341 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $238,000. CWM LLC lifted its stake in shares of Tyson Foods by 11.1% in the first quarter. CWM LLC now owns 5,052 shares of the company's stock worth $297,000 after buying an additional 504 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Tyson Foods by 66.4% during the 1st quarter. GAMMA Investing LLC now owns 2,879 shares of the company's stock worth $169,000 after buying an additional 1,149 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

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.