Tyson Foods, Inc. (NYSE:TSN) shares traded down 5.6% during mid-day trading on Tuesday . The stock traded as low as $57.01 and last traded at $58.17. 7,830,845 shares changed hands during trading, an increase of 228% from the average session volume of 2,389,792 shares. The stock had previously closed at $61.61.

Several research analysts recently issued reports on the company. Pivotal Research restated a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday. Standpoint Research assumed coverage on Tyson Foods in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective for the company. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded Tyson Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, Mizuho set a $82.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Tyson Foods has an average rating of “Hold” and a consensus price target of $74.56.

The company has a market capitalization of $22.72 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.94 and a beta of 0.17. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71.

Tyson Foods (NYSE:TSN) last released its earnings results on Tuesday, November 13th. The company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.25. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. Tyson Foods’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 5.92 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in TSN. Unigestion Holding SA purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $89,673,000. Columbus Hill Capital Management L.P. purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $72,553,000. Levin Capital Strategies L.P. grew its stake in Tyson Foods by 9,215.0% in the 3rd quarter. Levin Capital Strategies L.P. now owns 1,033,867 shares of the company’s stock worth $61,546,000 after acquiring an additional 1,022,768 shares during the period. Northern Trust Corp grew its stake in Tyson Foods by 13.1% in the 2nd quarter. Northern Trust Corp now owns 6,239,551 shares of the company’s stock worth $429,594,000 after acquiring an additional 722,092 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $36,249,000. 69.47% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Tyson Foods (TSN) Stock Price Down 5.6%” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2018/11/13/tyson-foods-tsn-stock-price-down-5-6.html.

Tyson Foods Company Profile (NYSE:TSN)

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

See Also: How To Calculate Debt-to-Equity Ratio

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.