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

Tyson Foods (NYSE:TSN) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $71.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 12.96% from the stock’s previous close.

A number of other brokerages have also weighed in on TSN. Sanford C. Bernstein decreased their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Stephens boosted their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.56.

Tyson Foods Stock Down 0.7%

NYSE:TSN traded down $0.38 on Tuesday, reaching $57.54. 111,099 shares of the stock traded hands, compared to its average volume of 3,096,096. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.20 and a beta of 0.40. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $69.48. The company’s fifty day simple moving average is $60.83 and its 200 day simple moving average is $61.82.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Tyson Foods will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. AIA Group Ltd increased its stake in shares of Tyson Foods by 78.8% in the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares in the last quarter. Everpar Advisors LLC lifted its position in Tyson Foods by 27.2% during the fourth quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock valued at $4,762,000 after purchasing an additional 17,353 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Tyson Foods by 39.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 103,769 shares of the company’s stock valued at $5,788,000 after purchasing an additional 29,160 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Tyson Foods by 2.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,977 shares of the company’s stock valued at $35,403,000 after purchasing an additional 14,858 shares during the period. Finally, SG Americas Securities LLC increased its position in Tyson Foods by 564.2% in the fourth quarter. SG Americas Securities LLC now owns 516,967 shares of the company’s stock worth $30,305,000 after buying an additional 439,137 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

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.