Brokerage Firm Rating Update on Sysco Corporation (SYY)

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) : Currently there are 7 street experts covering Sysco Corporation (SYY) stock. The most bullish and bearish price target for the stock is $57 and $45 respectively for the short term. The average price target of all the analysts comes to $52.14. The estimated standard deviation from the target is $5.18.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Argus Research maintains its rating on Sysco Corporation (NYSE:SYY). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research raises the price target from $56 per share to $60 per share. The rating by the firm was issued on August 19, 2016.

Sysco Corporation (NYSE:SYY): stock was range-bound between the intraday low of $52.735 and the intraday high of $53.31 after having opened at $53.17 on Wednesdays session. The stock finally closed in the red at $53.17, a loss of -0.69%. The stock remained in the red for the whole trading day. The total traded volume was 4,485,210 shares. The stock failed to cross $53.31 in Wednesdays trading. The stocks closing price on Thursday was $53.46.

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.

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