Tyson Foods (NYSE:TSN) PT Set at $83.00 by JPMorgan Chase & Co.

Tyson Foods (NYSE:TSN) received a $83.00 price objective from investment analysts at JPMorgan Chase & Co. in a report issued on Monday, TipRanks reports. The firm currently has a “hold” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 3.21% from the stock’s current price.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Thursday, August 8th. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets restated a “top pick” rating and issued a $90.00 target price on shares of Tyson Foods in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Barclays upped their target price on Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Finally, Piper Jaffray Companies upped their target price on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $82.86.

Shares of NYSE:TSN traded down $2.07 on Monday, reaching $85.75. 92,565 shares of the company’s stock were exchanged, compared to its average volume of 2,820,587. The company has a market cap of $32.23 billion, a price-to-earnings ratio of 13.93 and a beta of 0.50. Tyson Foods has a fifty-two week low of $49.77 and a fifty-two week high of $89.88. The business has a 50-day simple moving average of $82.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.47. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The firm had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods will post 5.96 EPS for the current year.

In related news, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total transaction of $3,600,699.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen R. Stouffer sold 12,000 shares of Tyson Foods stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $83.02, for a total value of $996,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,366 shares of company stock worth $9,507,729. Company insiders own 1.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Boston Partners raised its stake in Tyson Foods by 68.6% in the first quarter. Boston Partners now owns 3,048,006 shares of the company’s stock worth $211,623,000 after buying an additional 1,240,164 shares in the last quarter. BlackRock Inc. boosted its holdings in Tyson Foods by 4.4% during the second quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after buying an additional 872,367 shares in the last quarter. Invesco Ltd. boosted its holdings in Tyson Foods by 19.1% during the second quarter. Invesco Ltd. now owns 4,478,758 shares of the company’s stock worth $361,615,000 after buying an additional 719,437 shares in the last quarter. Highline Capital Management L.P. purchased a new stake in Tyson Foods during the second quarter worth about $52,166,000. Finally, Wedge Capital Management L L P NC purchased a new stake in Tyson Foods during the first quarter worth about $42,112,000. Institutional investors own 69.03% of the company’s stock.

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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