Sysco (NYSE:SYY) Receives New Coverage from Analysts at Stephens

Investment analysts at Stephens initiated coverage on shares of Sysco (NYSE:SYYGet Rating) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set an “overweight” rating on the stock.

Other analysts have also recently issued reports about the stock. Truist Financial reduced their price objective on shares of Sysco from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 14th. JPMorgan Chase & Co. upgraded shares of Sysco from a “neutral” rating to an “overweight” rating and set a $98.00 price target on the stock in a research report on Thursday, May 26th. Barclays decreased their price target on shares of Sysco to $100.00 in a research note on Monday, August 15th. Finally, Credit Suisse Group decreased their target price on shares of Sysco from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.13.

Sysco Price Performance

Shares of NYSE SYY traded down $1.07 on Thursday, hitting $77.38. The company’s stock had a trading volume of 3,229,627 shares, compared to its average volume of 2,404,735. Sysco has a 12-month low of $68.05 and a 12-month high of $91.53. The company has a market capitalization of $39.16 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.01. The company has a debt-to-equity ratio of 7.28, a current ratio of 1.20 and a quick ratio of 0.69. The stock has a 50 day moving average of $84.17 and a 200-day moving average of $83.51.

Sysco (NYSE:SYYGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The firm had revenue of $18.96 billion during the quarter, compared to analyst estimates of $18.29 billion. Sysco had a net margin of 1.98% and a return on equity of 119.55%. Sysco’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. As a group, research analysts predict that Sysco will post 4.2 EPS for the current year.

Institutional Trading of Sysco

Several institutional investors have recently made changes to their positions in SYY. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Sysco in the second quarter valued at $26,000. Charter Oak Capital Management LLC purchased a new position in Sysco in the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Sysco in the first quarter valued at about $29,000. DeDora Capital Inc. acquired a new stake in shares of Sysco in the first quarter valued at approximately $31,000. Finally, Column Capital Advisors LLC boosted its position in Sysco by 4,900.0% during the first quarter. Column Capital Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 82.43% of the company’s stock.

Sysco Company Profile

(Get Rating)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.

Featured Articles

The Fly logo

Analyst Recommendations for Sysco (NYSE:SYY)

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