Tyson Foods (NYSE:TSN) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their hold rating on shares of Tyson Foods (NYSE:TSN) in a research report report published on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has a $89.00 target price on the stock, up from their prior target price of $83.00.

TSN has been the topic of a number of other reports. Credit Suisse Group lifted their price target on Tyson Foods from $96.00 to $98.00 and gave the company an outperform rating in a research note on Tuesday, August 6th. Zacks Investment Research cut Tyson Foods from a hold rating to a sell rating and set a $93.00 price objective for the company. in a research report on Thursday, November 14th. Stephens set a $95.00 target price on Tyson Foods and gave the company a buy rating in a report on Wednesday, September 4th. Mizuho boosted their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a buy rating in a research report on Tuesday, August 6th. Finally, Bank of America began coverage on shares of Tyson Foods in a research note on Friday, October 25th. They set a buy rating and a $97.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Tyson Foods currently has an average rating of Buy and an average target price of $88.83.

TSN stock traded down $0.10 on Wednesday, hitting $89.14. The company’s stock had a trading volume of 20,263 shares, compared to its average volume of 2,719,114. The firm has a 50 day moving average of $85.15 and a two-hundred day moving average of $83.93. Tyson Foods has a 1 year low of $49.77 and a 1 year high of $94.11. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.44. The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 0.69.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.02). The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 earnings per share. As a group, equities analysts forecast that Tyson Foods will post 6.56 EPS for the current fiscal year.

In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $92.22, for a total transaction of $2,617,388.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.69% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Savant Capital LLC lifted its position in shares of Tyson Foods by 1.6% in the second quarter. Savant Capital LLC now owns 8,750 shares of the company’s stock valued at $706,000 after acquiring an additional 135 shares in the last quarter. Investment Management of Virginia LLC grew its position in shares of Tyson Foods by 1.0% in the second quarter. Investment Management of Virginia LLC now owns 14,104 shares of the company’s stock valued at $1,139,000 after purchasing an additional 140 shares during the period. Shamrock Asset Management LLC increased its stake in Tyson Foods by 2.1% in the second quarter. Shamrock Asset Management LLC now owns 7,771 shares of the company’s stock valued at $627,000 after purchasing an additional 162 shares during the last quarter. CAPROCK Group Inc. increased its stake in Tyson Foods by 6.7% in the third quarter. CAPROCK Group Inc. now owns 2,740 shares of the company’s stock valued at $236,000 after purchasing an additional 171 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Tyson Foods by 53.2% in the 3rd quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock valued at $43,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 69.02% of the company’s stock.

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

Read More: Net Margin

Analyst Recommendations for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.