Tyson Foods (NYSE:TSN) Given New $65.00 Price Target at JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $67.00 to $65.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 6.16% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Piper Sandler increased their price objective on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.09.

Tyson Foods Stock Up 2.6%

Tyson Foods stock traded up $1.53 during midday trading on Tuesday, reaching $61.23. The stock had a trading volume of 1,465,369 shares, compared to its average volume of 3,132,589. Tyson Foods has a 1-year low of $50.56 and a 1-year high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The firm’s fifty day simple moving average is $62.63 and its 200-day simple moving average is $57.79. The stock has a market capitalization of $21.56 billion, a P/E ratio of 109.34, a price-to-earnings-growth ratio of 1.28 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. As a group, analysts expect that Tyson Foods will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Tyson Foods

Several large investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its stake in shares of Tyson Foods by 4.3% during the fourth quarter. Hsbc Holdings PLC now owns 589,708 shares of the company’s stock valued at $34,613,000 after acquiring an additional 24,251 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Tyson Foods by 1,890.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 182,418 shares of the company’s stock worth $10,693,000 after purchasing an additional 173,255 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Tyson Foods by 73.8% in the fourth quarter. Corient Private Wealth LLC now owns 122,615 shares of the company’s stock worth $7,189,000 after purchasing an additional 52,078 shares during the last quarter. DGS Capital Management LLC acquired a new stake in Tyson Foods in the fourth quarter valued at $205,000. Finally, SG Trading Solutions LLC bought a new position in Tyson Foods during the 4th quarter worth $1,271,000. Institutional investors own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.