Shares of Sysco Co. (NYSE:SYY – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $86.91.
Several equities research analysts have issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $90.00 price target on shares of Sysco in a research note on Tuesday, August 1st. StockNews.com began coverage on shares of Sysco in a research report on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Truist Financial decreased their target price on shares of Sysco from $88.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $79.00 target price on shares of Sysco in a research report on Wednesday, August 2nd. Finally, Barclays raised their target price on shares of Sysco from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd.
Institutional Trading of Sysco
Sysco Price Performance
Shares of NYSE SYY opened at $71.02 on Monday. Sysco has a 52 week low of $68.18 and a 52 week high of $87.41. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.33 and a beta of 1.11. The company’s 50-day moving average price is $72.32 and its 200 day moving average price is $73.58. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 5.15.
Sysco (NYSE:SYY – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. Sysco had a net margin of 2.32% and a return on equity of 133.27%. The company had revenue of $19.73 billion for the quarter, compared to analysts’ expectations of $19.95 billion. During the same period last year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Sysco will post 4.29 earnings per share for the current fiscal year.
Sysco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.00 annualized dividend and a yield of 2.82%. Sysco’s payout ratio is 57.64%.
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.
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