Tyson Foods (NYSE:TSN) Downgraded to “Strong Sell” Rating by Zacks Research

Tyson Foods (NYSE:TSNGet Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

TSN has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. HSBC decreased their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Finally, Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.67.

Check Out Our Latest Analysis on Tyson Foods

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $57.98 on Thursday. Tyson Foods has a one year low of $50.56 and a one year high of $69.48. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.25 and a beta of 0.40. The business has a 50-day simple moving average of $57.92 and a 200 day simple moving average of $61.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSNGet Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods will post 3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TSN. Norges Bank purchased a new stake in Tyson Foods in the 4th quarter valued at about $308,297,000. Davis Selected Advisers boosted its stake in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $165,220,000. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Company Profile

(Get Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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