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.

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

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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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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