JPMorgan Chase & Co. Lowers Tyson Foods (NYSE:TSN) Price Target to $65.00

Tyson Foods (NYSE:TSN) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $67.00 to $65.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.80% from the stock’s current price.

Several other brokerages have also recently weighed in on TSN. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Piper Sandler raised their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Barclays lifted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets boosted 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 equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.09.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $61.44 on Tuesday. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 109.71, a PEG ratio of 1.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $66.41. The stock’s 50 day moving average price is $62.67 and its 200 day moving average price is $57.85.

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

Institutional Investors Weigh In On Tyson Foods

Several hedge funds have recently made changes to their positions in TSN. IFP Advisors Inc boosted its holdings in shares of Tyson Foods by 10.3% during the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after purchasing an additional 157 shares during the period. IFM Investors Pty Ltd lifted its position in Tyson Foods by 0.4% in the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after buying an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Tyson Foods by 4.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after buying an additional 166 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after buying an additional 179 shares during the period. Finally, Matrix Trust Co grew its holdings in shares of Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Company Profile

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.