Tyson Foods, Inc. (NYSE:TSN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $59.53 and traded as high as $60.34. Tyson Foods shares last traded at $60.0560, with a volume of 5,580,629 shares changing hands.
Analyst Ratings Changes
Several research firms have recently weighed in on TSN. Barclays dropped their target price on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. JPMorgan Chase & Co. upgraded shares of Tyson Foods from a “neutral” rating to an “overweight” rating and cut their price target for the company from $65.00 to $63.00 in a report on Friday, September 18th. Piper Sandler dropped their price target on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. HSBC decreased their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Finally, BMO Capital Markets decreased their price target on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.78.
Check Out Our Latest Analysis on TSN
Tyson Foods Price Performance
The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 0.95 and a beta of 0.38. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $53.72 and its 200-day moving average price is $59.53.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the company earned $0.91 EPS. Tyson Foods’s revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.49 earnings per share for the current year.
Institutional Trading of Tyson Foods
A number of large investors have recently bought and sold shares of TSN. Ascentis Independent Advisors acquired a new stake in shares of Tyson Foods during the first quarter worth $30,000. Basecamp Wealth Advisors LLC boosted its stake in shares of Tyson Foods by 272.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after buying an additional 341 shares during the period. Cedar Mountain Advisors LLC raised its position in Tyson Foods by 293.5% during the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after purchasing an additional 364 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $28,000. Finally, Archer Investment Corp bought a new stake in shares of Tyson Foods during the second quarter worth about $31,000. 67.00% of the stock is owned by institutional investors.
About Tyson Foods
Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.
The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.
Founded in 1935 by John W.
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