Tyson Foods (NYSE:TSN) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Tyson Foods (NYSE:TSN) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other analysts have also commented on TSN. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Stephens reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup upped their target price on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.63.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $56.33 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.74 and a beta of 0.63. The company’s 50-day moving average price is $60.43 and its 200 day moving average price is $59.67. Tyson Foods has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the prior year, the business earned $0.62 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyson Foods

Large investors have recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in Tyson Foods during the 4th quarter worth approximately $25,000. Curat Global LLC purchased a new stake in Tyson Foods during the first quarter worth approximately $28,000. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

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 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.