StockNews.com Lowers Tyson Foods (NYSE:TSN) to Hold

Tyson Foods (NYSE:TSN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Tuesday, May 7th. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Citigroup boosted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

Tyson Foods Trading Up 0.9 %

Shares of TSN stock opened at $56.43 on Thursday. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $62.04. 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 company has a 50-day simple moving average of $57.70 and a two-hundred day simple moving average of $56.49. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of -31.70, a PEG ratio of 0.40 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Tyson Foods will post 2.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Tyson Foods

Institutional investors and hedge funds have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. First Financial Corp IN bought a new position in shares of Tyson Foods during the 1st quarter valued at $35,000. Stone House Investment Management LLC bought a new position in shares of Tyson Foods during the 4th quarter valued at $40,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods during the 1st quarter valued at $42,000. Finally, Headinvest LLC bought a new position in shares of Tyson Foods during the 3rd quarter valued at $43,000. 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.