Sysco Co. (NYSE:SYY) Receives $85.77 Average Price Target from Analysts

Sysco Co. (NYSE:SYY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $85.77.

Several equities research analysts have recently issued reports on SYY shares. JPMorgan Chase & Co. lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 21st. Wells Fargo & Company reduced their price objective on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Finally, Barclays lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st.

Sysco Stock Performance

Shares of SYY traded down $0.01 on Friday, reaching $74.95. The company's stock had a trading volume of 2,636,588 shares, compared to its average volume of 3,157,056. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $36.82 billion, a P/E ratio of 19.27, a PEG ratio of 2.01 and a beta of 1.20. The stock's 50 day simple moving average is $75.93 and its two-hundred day simple moving average is $74.73. Sysco has a 12-month low of $69.03 and a 12-month high of $82.89.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $20.47 billion. During the same period in the previous year, the business posted $1.07 EPS. The business's quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Sysco will post 4.57 earnings per share for the current fiscal year.

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYY. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Sysco by 3.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,045 shares of the company's stock valued at $5,118,000 after purchasing an additional 1,862 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Sysco by 10.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 27,360 shares of the company's stock worth $2,221,000 after acquiring an additional 2,552 shares during the period. Banco Santander S.A. purchased a new position in shares of Sysco during the 1st quarter worth $438,000. First Foundation Advisors raised its holdings in shares of Sysco by 17.5% during the 1st quarter. First Foundation Advisors now owns 4,517 shares of the company's stock worth $367,000 after acquiring an additional 674 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Sysco in the 1st quarter valued at about $214,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

About Sysco

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.