Sysco Corporation (SYY) Receives Price Target

Sysco Corporation (SYY) : 7 Wall Street analysts covering Sysco Corporation (SYY) believe that the average level the stock could reach for the short term is $52.14. The maximum price target given is $57 and the minimum target for short term is around $45, hence the standard deviation is calculated at $5.18.

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.


Also, Brokerage firm Argus Research maintains its rating on Sysco Corporation (NYSE:SYY). As per the latest information, the brokerage house raises the price target to $60 per share from a prior target of $56. The shares have been rated Buy. The rating by the firm was issued on August 19, 2016.

Sysco Corporation (NYSE:SYY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.99 and $51.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.06, notching a gain of 0.39% for the day. The total traded volume was 4,186,701 . The stock had closed at $51.86 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.