Sysco (NYSE:SYY) PT Lowered to $86.00

Sysco (NYSE:SYY) had its price target dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $90.00 to $86.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.89% from the stock’s current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Sysco from $87.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley cut their price objective on shares of Sysco from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday. BMO Capital Markets cut their price objective on shares of Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Finally, Stephens raised their price target on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.11.

Sysco Stock Up 0.1 %

Shares of NYSE SYY opened at $72.95 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 5.77. Sysco has a 12 month low of $62.24 and a 12 month high of $82.89. The firm has a market capitalization of $36.33 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.16. The firm has a fifty day simple moving average of $77.09 and a two-hundred day simple moving average of $76.15.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $19.38 billion during the quarter, compared to analyst estimates of $19.74 billion. Sysco had a net margin of 2.66% and a return on equity of 99.88%. Sysco’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. Equities analysts expect that Sysco will post 4.31 earnings per share for the current year.

Insider Transactions at Sysco

In other news, CAO Neil Russell sold 1,722 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in Sysco by 1.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,150 shares of the company’s stock valued at $536,000 after acquiring an additional 124 shares during the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of Sysco by 1.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company’s stock worth $606,000 after purchasing an additional 125 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Sysco by 8.2% in the fourth quarter. Bell Investment Advisors Inc now owns 1,722 shares of the company’s stock worth $126,000 after purchasing an additional 131 shares during the last quarter. Beacon Investment Advisors LLC grew its holdings in shares of Sysco by 0.5% in the fourth quarter. Beacon Investment Advisors LLC now owns 24,680 shares of the company’s stock worth $1,805,000 after purchasing an additional 133 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Sysco by 6.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock worth $165,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Company Profile

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.