Investment analysts at Stephens initiated coverage on shares of Sysco (NYSE:SYY – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Sysco (SYY)
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