Sysco Corp. Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:SYY)
Shares of Sysco Corp. (NYSE:SYY) have been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, Analyst RN reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $33.00.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sysco Corp. in a research note on Wednesday. They now have a $38.00 price target on the stock.
Shares of Sysco Corp. (NYSE:SYY) traded up 0.44% on Thursday, hitting $36.90. 354,222 shares of the company’s stock traded hands. Sysco Corp. has a 52-week low of $31.13 and a 52-week high of $43.40. The stock has a 50-day moving average of $36.0 and a 200-day moving average of $35.38. The company has a market cap of $21.585 billion and a P/E ratio of 22.27.
Sysco Corp. (NYSE:SYY) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.01. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the company posted $0.49 earnings per share. Sysco Corp.’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Sysco Corp. will post $1.76 EPS for the current fiscal year.
Sysco Corporation (NYSE:SYY), along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry.
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