Sysco Corporation (SYY) : Zacks Investment Research ranks Sysco Corporation (SYY) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.41, which indicates as a Buy.
Sysco Corporation (SYY) : 6 Wall Street analysts covering Sysco Corporation (SYY) believe that the average level the stock could reach for the short term is $50. The maximum price target given is $55 and the minimum target for short term is around $44, hence the standard deviation is calculated at $4.6.
Company shares have received an average consensus rating of Hold for the current week Sysco Corporation (NYSE:SYY): The stock opened at $52.00 on Thursday but the bulls could not build on the opening and the stock topped out at $52.09 for the day. The stock traded down to $51.75 during the day, due to lack of any buying support eventually closed down at $51.76 with a loss of -0.12% for the day. The stock had closed at $51.82 on the previous day. The total traded volume was 2,350,051 shares.
In a related news, The Securities and Exchange Commission has divulged that Day William B., officer (Executive Vice President) of Sysco Corp, had unloaded 75,000 shares at an average price of $51.53 in a transaction dated on August 4, 2016. The total value of the transaction was worth $3,864,750.
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.