By otakuyassine3@gmail.com 
Sysco (NYSE:SYY – Get Free Report) had its target price upped by stock analysts at Jefferies Financial Group from $91.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 19.20% from the company’s previous close.
A number of other brokerages have also recently commented on SYY. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company cut their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.
View Our Latest Analysis on Sysco
Sysco Stock Performance
SYY stock traded down $0.26 on Monday, reaching $79.70. 710,680 shares of the company were exchanged, compared to its average volume of 3,143,856. Sysco has a 12 month low of $69.03 and a 12 month high of $82.89. The stock’s fifty day moving average price is $76.40 and its 200 day moving average price is $75.21. The firm has a market capitalization of $39.15 billion, a PE ratio of 20.50, a PEG ratio of 2.10 and a beta of 1.19. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.
Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Sysco will post 4.57 EPS for the current fiscal year.
Insider Activity
In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. This represents a 26.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,279 shares of company stock valued at $2,786,971 in the last 90 days. Company insiders own 0.54% of the company’s stock.
Hedge Funds Weigh In On Sysco
Hedge funds and other institutional investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. lifted its position in Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Sysco during the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in Sysco during the third quarter valued at approximately $31,000. Focused Wealth Management Inc purchased a new stake in Sysco during the third quarter valued at approximately $37,000. Finally, Fairscale Capital LLC purchased a new stake in Sysco during the second quarter valued at approximately $38,000. 83.41% of the stock is currently owned by institutional investors.
Sysco Company Profile
Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products 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.
Recommended Stories
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.