Tyson Foods (NYSE:TSN) Price Target Raised to $59.00 at JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) had its price objective hoisted by JPMorgan Chase & Co. from $58.00 to $59.00 in a research report sent to investors on Monday.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler raised their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the company a neutral rating in a research report on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a market perform rating in a research report on Tuesday, February 6th. The Goldman Sachs Group increased their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Bank of America upgraded Tyson Foods from an underperform rating to a neutral rating and boosted their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the company a neutral rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of Hold and a consensus price target of $60.60.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $59.14 on Monday. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04. The firm’s 50-day moving average price is $57.89 and its two-hundred day moving average price is $53.62. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of -23.94, a P/E/G ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. On average, equities analysts predict that Tyson Foods will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tyson Foods

Several large investors have recently modified their holdings of TSN. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Tyson Foods by 32.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,053 shares of the company’s stock valued at $1,119,000 after purchasing an additional 4,679 shares in the last quarter. New Republic Capital LLC bought a new position in Tyson Foods in the first quarter valued at approximately $224,000. Sei Investments Co. boosted its holdings in shares of Tyson Foods by 14.9% in the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock valued at $11,576,000 after buying an additional 25,527 shares during the period. Pecaut & CO. bought a new stake in shares of Tyson Foods during the first quarter worth $903,000. Finally, Forsta AP Fonden raised its holdings in shares of Tyson Foods by 12.2% during the first quarter. Forsta AP Fonden now owns 60,500 shares of the company’s stock worth $3,553,000 after acquiring an additional 6,600 shares during the period. 67.00% of the stock is currently owned by 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.