Tyson Foods (NYSE:TSN) Stock Rating Lowered by StockNews.com

Tyson Foods (NYSE:TSN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Bank of America dropped their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets raised their price target on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

Tyson Foods Stock Performance

Shares of TSN stock opened at $57.32 on Thursday. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $62.04. The company has a market cap of $20.46 billion, a price-to-earnings ratio of -32.20, a price-to-earnings-growth ratio of 0.40 and a beta of 0.74. The stock has a 50 day simple moving average of $57.52 and a 200-day simple moving average of $56.53. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same period last year, the business posted ($0.04) EPS. Tyson Foods’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods will post 2.61 EPS for the current year.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. Sound Income Strategies LLC grew its position in Tyson Foods by 8.4% during the second quarter. Sound Income Strategies LLC now owns 45,287 shares of the company’s stock valued at $2,588,000 after acquiring an additional 3,524 shares during the period. Gateway Investment Advisers LLC purchased a new stake in Tyson Foods during the second quarter valued at about $315,000. SG Americas Securities LLC grew its position in Tyson Foods by 99.8% during the second quarter. SG Americas Securities LLC now owns 103,100 shares of the company’s stock valued at $5,891,000 after acquiring an additional 51,495 shares during the period. OLD National Bancorp IN grew its position in Tyson Foods by 2.0% during the second quarter. OLD National Bancorp IN now owns 238,857 shares of the company’s stock valued at $13,648,000 after acquiring an additional 4,630 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in Tyson Foods during the second quarter valued at about $225,000. Hedge funds and other institutional investors 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.