Sysco (SYY) Stock Forecast & Price Target

$77.29 -0.65 (-0.83%)

(As of 11/12/2024 ET)

Sysco - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
2

Buy
11

Based on 13 Wall Street analysts who have issued ratings for Sysco in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 2 have given a hold rating, and 11 have given a buy rating for SYY.

Consensus Price Target

$85.77
10.97% Upside

According to the 13 analysts' twelve-month price targets for Sysco, the average price target is $85.77. The highest price target for SYY is $92.00, while the lowest price target for SYY is $79.00. The average price target represents a forecasted upside of 10.97% from the current price of $77.29.

SYY Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$85.77	$86.08	$85.27	$83.30
Forecasted Upside	10.97% Upside	14.38% Upside	12.56% Upside	20.78% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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SYY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SYY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sysco Stock vs. The Competition

Type	Sysco	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.85	2.46	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	10.97% Upside	256.17% Upside	7.92% Upside
News Sentiment Rating	Positive News See Recent SYY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$87.00 ➝ $82.00	+9.88%
9/25/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$91.00 ➝ $92.00	+19.89%
9/16/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$85.00 ➝ $88.00	+13.18%
7/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$85.00 ➝ $88.00	+14.90%
7/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$91.00 ➝ $87.00	+15.92%
7/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$82.00 ➝ $81.00	+11.57%
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6/24/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$87.00 ➝ $85.00	+15.13%
5/28/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Heinbockel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$85.00	+16.52%
5/23/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$90.00 ➝ $86.00	+17.52%
5/23/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$90.00 ➝ $85.00	+16.37%
5/1/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$92.00 ➝ $87.00	+18.69%
5/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$83.00 ➝ $79.00	+8.17%
1/31/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $90.00	+11.36%
5/3/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$94.00 ➝ $88.00	+16.09%
2/2/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:44 AM ET.

Should I Buy Sysco Stock? SYY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 28, 2024. Please send any questions or comments about these Sysco pros and cons to contact@marketbeat.com.

Sysco
Bull Case

Here are some ways that investors could benefit from investing in Sysco Co.:

Sysco Co. reported a return on equity of 102.09% in the last quarter, indicating strong profitability and efficient use of shareholder funds.
Analysts have given Sysco Co. a consensus rating of "Moderate Buy" with an average target price of $86.08, suggesting potential for stock price appreciation.
Recent trading data shows Sysco Co. stock trading at $75.19, indicating a potential buying opportunity based on historical price levels.
Institutional investors and hedge funds own 83.41% of Sysco Co.'s stock, reflecting confidence from large financial entities in the company's performance.
Sysco Co. has a market capitalization of $36.96 billion, indicating the company's size and stability in the market.

Sysco
Bear Case

Investors should be bearish about investing in Sysco Co. for these reasons:

Sysco Co. has a debt-to-equity ratio of 6.19, which may indicate higher financial leverage and potential risk in times of economic downturns.
The company's stock has a beta of 1.20, suggesting higher volatility compared to the market average, which may lead to fluctuations in stock price.
Sysco Co.'s net margin of 2.48% indicates relatively low profitability compared to industry peers, potentially affecting investor returns.
The price-to-earnings ratio of 18.34 for Sysco Co. may be considered high by some investors, impacting the perceived valuation of the stock.
The price-to-earnings-growth ratio of 2.01 suggests that Sysco Co.'s stock may be relatively overvalued based on its growth prospects.

SYY Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Sysco is $85.77, with a high forecast of $92.00 and a low forecast of $79.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sysco in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SYY shares.
: According to analysts, Sysco's stock has a predicted upside of 10.97% based on their 12-month stock forecasts.
: Sysco has been rated by research analysts at Jefferies Financial Group, JPMorgan Chase & Co., and Wells Fargo & Company in the past 90 days.
: Analysts like Sysco more than other "consumer staples" companies. The consensus rating for Sysco is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how SYY compares to other companies.

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This page (NYSE:SYY) was last updated on 11/13/2024 by MarketBeat.com Staff

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Sysco (SYY) Stock Forecast & Price Target