Tyson Foods (NYSE:TSN) Shares Gap Up – Here’s What Happened

Tyson Foods, Inc. (NYSE:TSN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $58.81, but opened at $62.62. Tyson Foods shares last traded at $63.91, with a volume of 910,587 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup dropped their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Barclays upped their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Bank of America dropped their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.22.

Tyson Foods Stock Up 8.5 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company has a market cap of $22.69 billion, a price-to-earnings ratio of -1,069.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. The stock’s fifty day moving average is $60.18 and its two-hundred day moving average is $59.65.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors have recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC grew its position in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at $54,000. Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at $59,000. Finally, SYSTM Wealth Solutions LLC raised its position in Tyson Foods by 1,566.2% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares during the period. 67.00% of the stock is owned by institutional investors.

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.