Tyson Foods (NYSE:TSN) Rating Increased to Buy at StockNews.com

Tyson Foods (NYSE:TSN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. Piper Sandler boosted their target price on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. HSBC raised their price target 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. BMO Capital Markets increased their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. Finally, Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.22.

Tyson Foods Price Performance

TSN stock opened at $56.60 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The stock’s 50 day moving average price is $58.13 and its 200 day moving average price is $56.33. The firm has a market cap of $20.21 billion, a P/E ratio of -31.80, a PEG ratio of 0.41 and a beta of 0.74. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $62.04.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same quarter last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Tyson Foods will post 2.6 earnings per share for the current fiscal year.

Institutional Trading of Tyson Foods

A number of hedge funds and other institutional investors have recently modified their holdings of TSN. GAMMA Investing LLC grew its stake in Tyson Foods by 83.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,285 shares of the company’s stock valued at $302,000 after purchasing an additional 2,406 shares in the last quarter. Centre Asset Management LLC purchased a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $10,027,000. Keynote Financial Services LLC acquired a new stake in shares of Tyson Foods during the first quarter worth approximately $720,000. EverSource Wealth Advisors LLC increased its stake in shares of Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after buying an additional 198 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Tyson Foods by 1.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,994 shares of the company’s stock valued at $3,270,000 after acquiring an additional 975 shares in the last quarter. 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.