Analysts Set SYSCO Co. (NYSE:SYY) Target Price at $74.21

Shares of SYSCO Co. (NYSE:SYY) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $73.63.

Several analysts have commented on SYY shares. Loop Capital lifted their price target on SYSCO to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Buckingham Research lifted their price target on SYSCO from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Pivotal Research restated a “sell” rating and issued a $58.00 price target (up previously from $54.00) on shares of SYSCO in a report on Tuesday, May 7th. Consumer Edge started coverage on SYSCO in a report on Wednesday. They issued an “underweight” rating and a $71.75 price target for the company. Finally, ValuEngine upgraded USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th.

SYSCO stock traded down $1.02 during midday trading on Tuesday, reaching $70.86. 1,390,028 shares of the company were exchanged, compared to its average volume of 2,020,898. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $36.42 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.53. The company’s 50-day moving average is $71.37. SYSCO has a 1 year low of $59.44 and a 1 year high of $75.98.



SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. The company had revenue of $14.66 billion during the quarter, compared to analysts’ expectations of $14.78 billion. SYSCO had a return on equity of 73.66% and a net margin of 2.65%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. On average, sell-side analysts expect that SYSCO will post 3.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Wednesday, July 3rd. SYSCO’s payout ratio is currently 49.68%.

Several large investors have recently modified their holdings of SYY. G&S Capital LLC lifted its position in SYSCO by 84.8% during the 2nd quarter. G&S Capital LLC now owns 50,666 shares of the company’s stock worth $3,583,000 after acquiring an additional 23,254 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in SYSCO by 15.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 7,605 shares of the company’s stock worth $538,000 after acquiring an additional 1,003 shares in the last quarter. FDx Advisors Inc. lifted its position in SYSCO by 39.9% during the 2nd quarter. FDx Advisors Inc. now owns 24,244 shares of the company’s stock worth $1,715,000 after acquiring an additional 6,918 shares in the last quarter. Telos Capital Management Inc. lifted its position in SYSCO by 3.4% during the 2nd quarter. Telos Capital Management Inc. now owns 26,772 shares of the company’s stock worth $1,893,000 after acquiring an additional 872 shares in the last quarter. Finally, Lynch & Associates IN lifted its position in SYSCO by 0.3% during the 2nd quarter. Lynch & Associates IN now owns 60,842 shares of the company’s stock worth $4,303,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Analyst Recommendations for SYSCO (NYSE:SYY)

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