Tyson Foods (NYSE:TSN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Tyson Foods, Inc. (NYSE:TSN) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $59.53 and traded as high as $60.34. Tyson Foods shares last traded at $60.0560, with a volume of 5,580,629 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TSN shares. Weiss Ratings upgraded Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. HSBC cut their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Barclays decreased their price target on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. JPMorgan Chase & Co. upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $65.00 to $63.00 in a research report on Friday, September 18th. Finally, BMO Capital Markets dropped their price objective on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $66.78.

Tyson Foods Stock Down 0.7%

The firm has a 50 day moving average price of $53.88 and a 200-day moving average price of $59.53. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.95 and a beta of 0.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TSN. Groupama Asset Managment grew its stake in shares of Tyson Foods by 1.3% in the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after acquiring an additional 159 shares in the last quarter. Unison Advisors LLC raised its stake in Tyson Foods by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 27,608 shares of the company’s stock worth $1,395,000 after purchasing an additional 240 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Tyson Foods by 22.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,323 shares of the company’s stock worth $67,000 after purchasing an additional 241 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Tyson Foods by 15.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,995 shares of the company’s stock valued at $114,000 after purchasing an additional 260 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Tyson Foods by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,661 shares of the company’s stock valued at $1,126,000 after purchasing an additional 298 shares during the period. Institutional investors own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.