Sysco Corporation (NYSE:SYY) : Average target price received by Sysco Corporation (NYSE:SYY) is $47.33 with an expected standard deviation of $5.92. The most aggressive target on the stock is $55, whereas the most downbeat target is $40. 6 financial analysts are currently covering the stock.
Shares of Sysco Corporation rose by 1.53% in the last five trading days and 4.61% for the last 4 weeks. Sysco Corporation is up 8.45% in the last 3-month period. Year-to-Date the stock performance stands at 26.34%. Also, Bank of America initiates coverage on Sysco Corporation (NYSE:SYY) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $52 per share. The rating by the firm was issued on June 20, 2016.
Sysco Corporation (NYSE:SYY) : 10 analysts are covering Sysco Corporation (NYSE:SYY) and their average rating on the stock is 2.53, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sysco Corporation (NYSE:SYY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.24 and $50.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.74, notching a gain of 1.04% for the day. The total traded volume was 5,408,836 . The stock had closed at $50.22 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP and CFO) of Sysco Corp, Grade Joel T. had sold 16,428 shares worth of $820,743 in a transaction dated June 17, 2016. In this transaction, 16,428 shares were sold at $49.96 per share.
Sysco Corporation (Sysco) 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. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Companys other segments include its specialty produce, custom-cut meat and lodging industry products segments.