JPMorgan Chase & Co. Increases Tyson Foods (NYSE:TSN) Price Target to $59.00

Tyson Foods (NYSE:TSN) had its price target increased by JPMorgan Chase & Co. from $58.00 to $59.00 in a report released on Monday. JPMorgan Chase & Co.‘s target price suggests a potential upside of 0.19% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on TSN. BMO Capital Markets raised their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Citigroup boosted their target price on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.60.

Tyson Foods Price Performance

NYSE TSN opened at $58.89 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market cap of $20.99 billion, a PE ratio of -23.84, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $62.04. The firm’s 50-day simple moving average is $57.89 and its two-hundred day simple moving average is $53.62.

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

Insider Activity at Tyson Foods

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC increased its position in shares of Tyson Foods by 74.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after acquiring an additional 517 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. First Financial Corp IN purchased a new position in shares of Tyson Foods in the 1st quarter valued at approximately $35,000. Finally, Lindbrook Capital LLC boosted its position in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

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.