2 weeks Ago By ABMN Staff
Sysco ( NYSE:SYY – Get Free Report ) had its price target increased by research analysts at JPMorgan Chase & Co. from $85.00 to $88.
00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.
‘s target price suggests a potential upside of 13.13% from the company’s current price. A number of other analysts also recently issued reports on SYY.
Morgan Stanley cut their price target on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th.
Truist Financial reduced their target price on Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, June 24th.
Guggenheim upgraded Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, May 28th. Barclays boosted their price objective on shares of Sysco from $85.
00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sysco from $90.
00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average price target of $85.55.
Check Out Our Latest Stock Report on Sysco Sysco Stock Performance Sysco ( NYSE:SYY – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.
38 by $0.01. Sysco had a return on equity of 102.
09% and a net margin of 2.48%. The business had revenue of $20.
56 billion for the quarter, compared to analyst estimates of $20.51 billion. During the same quarter in the previous year, the firm earned $1.
34 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.
On average, research analysts predict that Sysco will post 4.6 EPS for the current year. Hedge Funds Weigh In On Sysco Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYY.
Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its holdings in Sysco by 1.
1% in the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A.
Vienna Insurance Group now owns 17,045 shares of the company’s stock valued at $1,217,000 after purchasing an additional 178 shares during the period. Heritage Wealth Management Inc. acquired a new stake in Sysco in the 2nd quarter valued at about $387,000.
Sanctuary Advisors LLC purchased a new position in shares of Sysco in the 2nd quarter valued at about $6,827,000. Brown Financial Advisors acquired a new position in shares of Sysco during the second quarter worth about $669,000. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Sysco during the second quarter worth approximately $590,000.
Hedge funds and other institutional investors own 83.41% of the company’s stock. About Sysco ( Get Free Report ) 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.
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