Tyson Foods (NYSE:TSN) Given a $83.00 Price Target by JPMorgan Chase & Co. Analysts
Tyson Foods (NYSE:TSN) has been given a $83.00 target price by JPMorgan Chase & Co. in a note issued to investors on Monday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 3.45% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reissued a “top pick” rating and issued a $90.00 target price on shares of Tyson Foods in a research report on Tuesday, May 7th. They noted that the move was a valuation call. Mizuho raised their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Piper Jaffray Companies raised their target price on shares of Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research report on Monday, May 6th. Finally, Pivotal Research reissued a “sell” rating and issued a $50.00 target price on shares of Tyson Foods in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $82.86.
Shares of TSN traded down $1.85 during mid-day trading on Monday, hitting $85.97. The company had a trading volume of 1,086,860 shares, compared to its average volume of 2,817,455. The business has a 50-day moving average of $82.24. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74. Tyson Foods has a 1-year low of $49.77 and a 1-year high of $89.88. The company has a market cap of $32.23 billion, a PE ratio of 13.96 and a beta of 0.50.
In other news, insider Stephen R. Stouffer sold 12,000 shares of Tyson Foods stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $83.02, for a total transaction of $996,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sally Grimes sold 57,774 shares of Tyson Foods stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,910,790.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,366 shares of company stock worth $9,507,729. 1.69% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Zions Bancorporation N.A. purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $25,000. Advisors Preferred LLC bought a new stake in shares of Tyson Foods in the second quarter worth $26,000. Valeo Financial Advisors LLC bought a new stake in shares of Tyson Foods in the second quarter worth $32,000. West Oak Capital LLC bought a new stake in shares of Tyson Foods in the second quarter worth $34,000. Finally, Global Retirement Partners LLC increased its stake in shares of Tyson Foods by 100.0% in the first quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.
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 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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