Sysco (NYSE:SYY) Price Target Raised to $95.00

Sysco (NYSE:SYY) had its target price increased by Guggenheim from $91.00 to $95.00 in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Argus raised shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. Morgan Stanley lowered their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Jefferies Financial Group raised their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Truist Financial raised their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler upped their price objective on Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.69.

Sysco Stock Up 0.6%

Shares of Sysco stock opened at $90.49 on Friday. The business’s 50 day simple moving average is $77.94 and its 200 day simple moving average is $78.41. Sysco has a 52-week low of $67.12 and a 52-week high of $91.40. The firm has a market cap of $43.34 billion, a PE ratio of 24.33, a P/E/G ratio of 2.81 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, analysts predict that Sysco will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sysco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. bought a new position in Sysco in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. purchased a new position in Sysco during the 4th quarter worth $25,000. Harbor Capital Advisors Inc. lifted its position in shares of Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Torren Management LLC purchased a new position in Sysco during the fourth quarter worth about $27,000. Finally, Elyxium Wealth LLC bought a new stake in Sysco in the 4th quarter worth about $28,000. Institutional investors own 83.41% of the company’s stock.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.