StockNews.com Downgrades Tyson Foods (NYSE:TSN) to Hold

Tyson Foods (NYSE:TSN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. The Goldman Sachs Group upped their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. HSBC boosted their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 7th. BMO Capital Markets increased their target price on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Tuesday, May 7th. Finally, Bank of America decreased their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.00.

Tyson Foods Stock Down 1.2 %

Shares of Tyson Foods stock opened at $59.73 on Friday. The company has a market capitalization of $21.32 billion, a PE ratio of -33.56, a P/E/G ratio of 0.45 and a beta of 0.74. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The business has a 50-day moving average of $57.55 and a 200-day moving average of $56.77.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. As a group, equities analysts forecast that Tyson Foods will post 2.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tyson Foods by 7.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after purchasing an additional 7,921 shares during the period. Retirement Systems of Alabama grew its stake in Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after purchasing an additional 337 shares in the last quarter. Pzena Investment Management LLC increased its position in Tyson Foods by 8.2% in the 4th quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock worth $316,465,000 after purchasing an additional 446,904 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after buying an additional 5,175 shares during the last quarter. Finally, Eisler Capital UK Ltd. acquired a new stake in Tyson Foods in the fourth quarter valued at approximately $1,399,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Company Profile

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.