Sysco Corporation (SYY) : 9 analysts are covering Sysco Corporation (SYY) and their average rating on the stock is 2.48, which is read as a Buy. 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 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sysco Corporation (SYY) : The highest level Sysco Corporation (SYY) is projected to reach is $57 for the short term and the lowest estimate is at $45. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $52.14 and the possibility the share price can swing is $5.18.
Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Sysco Corporation (NYSE:SYY). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $56. The rating by the firm was issued on August 19, 2016.
Sysco Corporation (NYSE:SYY): The stock opened in the green at $49.6 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $49.83 and a low of $49.42 for the day. The stock did not find buyers even at the lows and closed at $49.58 recording a loss of -0.08%. 2,967,028 shares exchanged hands during the trading day. The stock had closed at $49.62 in the previous days trading.
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.