Sysco Corp. Earns “Neutral” Rating from Citigroup Inc. (SYY)
Sysco Corp. (NYSE:SYY)‘s stock had its “neutral” rating restated by research analysts at Citigroup Inc. in a report released on Monday. They currently have a $39.00 target price on the stock, down from their previous target price of $40.00. Citigroup Inc.’s price target suggests a potential upside of 4.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sysco Corp. in a research note on Thursday. They now have a $40.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Sysco Corp. in a research note on Thursday, July 24th. They now have a $35.00 price target on the stock, down previously from $40.00. Finally, analysts at Morgan Stanley initiated coverage on shares of Sysco Corp. in a research note on Wednesday, June 25th. They set an “equal weight” rating on the stock. Six research analysts have rated the stock with a hold rating, Sysco Corp. presently has an average rating of “Hold” and a consensus price target of $36.75.
Shares of Sysco Corp. (NYSE:SYY) traded down 0.04% during mid-day trading on Monday, hitting $37.435. 1,016,411 shares of the company’s stock traded hands. Sysco Corp. has a 1-year low of $31.13 and a 1-year high of $43.40. The stock’s 50-day moving average is $36.81 and its 200-day moving average is $36.4. The company has a market cap of $21.942 billion and a P/E ratio of 23.70.
Sysco Corp. (NYSE:SYY) last released its earnings data on Monday, August 11th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $12.29 billion for the quarter, compared to the consensus estimate of $12.14 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Sysco Corp. will post $1.89 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.