Tyson Foods (NYSE:TSN) PT Raised to $63.00 at JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) had its price target increased by equities researchers at JPMorgan Chase & Co. from $61.00 to $63.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.04% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Barclays increased their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler increased their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. The Goldman Sachs Group increased their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Bank of America decreased their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, HSBC increased their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Stock Down 0.6 %

NYSE:TSN opened at $61.14 on Tuesday. The firm has a market capitalization of $21.83 billion, a P/E ratio of -34.83, a PEG ratio of 0.46 and a beta of 0.74. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $63.90. The company’s fifty day moving average price is $57.69 and its 200-day moving average price is $57.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. As a group, equities research analysts anticipate that Tyson Foods will post 2.61 EPS for the current year.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC raised its stake in Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares during the period. Wellington Management Group LLP raised its stake in Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock worth $357,325,000 after purchasing an additional 49,540 shares during the period. Finally, Capital Research Global Investors raised its stake in Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares during the period. 67.00% of the stock is 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.