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

Tyson Foods (NYSE:TSN) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, Briefing.com reports. The brokerage currently has a $63.00 price objective on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 20.66% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Sanford C. Bernstein cut their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Piper Sandler reduced their price objective on Tyson Foods from $78.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, September 10th. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Barclays dropped their target price on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $67.89.

Tyson Foods Trading Up 0.2%

Shares of NYSE TSN opened at $52.21 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. Tyson Foods has a one year low of $50.56 and a one year high of $69.48. The business has a 50-day moving average price of $56.52 and a two-hundred day moving average price of $60.03. The firm has a market capitalization of $18.37 billion, a PE ratio of 32.23, a PEG ratio of 0.88 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The business 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 firm’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, analysts predict that Tyson Foods will post 3.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently bought and sold shares of the stock. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 12.1% during the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the last quarter. Norges Bank acquired a new stake in Tyson Foods in the 4th quarter worth approximately $308,297,000. Life Cycle Investment Partners Ltd acquired a new stake in Tyson Foods in the 4th quarter worth approximately $165,220,000. Bank of America Corp DE boosted its position in Tyson Foods by 17.8% during the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock worth $103,195,000 after purchasing an additional 243,060 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Tyson Foods by 5.2% during the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company that produces and markets protein-based foods for retail, foodservice and industrial customers. Its principal businesses include chicken, beef, pork and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and ready-to-prepare meals.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.