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

Tyson Foods (NYSE:TSN) had its price target boosted by equities research analysts 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 price objective would suggest a potential upside of 3.04% from the stock’s current price.

Several other analysts have also issued reports on TSN. Bank of America cut their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. The Goldman Sachs Group upped their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Piper Sandler upped their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Barclays upped their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Stock Performance

NYSE TSN opened at $61.14 on Tuesday. The company has a 50-day simple moving average of $57.69 and a two-hundred day simple moving average of $57.29. The company has a quick ratio of 0.87, a current ratio of 1.77 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 $63.90. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of -34.83, a PEG ratio of 0.46 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue was up 1.6% 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

Institutional investors have recently made changes to their positions in the company. First Financial Corp IN purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $35,000. Stone House Investment Management LLC purchased a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $40,000. Pittenger & Anderson Inc. purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $42,000. Lindbrook Capital LLC grew its holdings in shares of Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $49,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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.