Sysco Corporation (SYY) : Analyst Rating Update

Sysco Corporation (SYY) : The consensus on Sysco Corporation (SYY) based on 8 analyst recommendation on the company stock is 2.41, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Sysco Corporation (SYY) : Average target price received by Sysco Corporation (SYY) is $47.33 with an expected standard deviation of $5.92. The most aggressive target on the stock is $55, whereas the most downbeat target is $40. 6 financial analysts are currently covering the stock.

Sysco Corporation (NYSE:SYY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.14 and $50.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.27, notching a gain of 0.14% for the day. The total traded volume was 4,877,175 . The stock had closed at $51.20 on the previous day.

Also, Bank of America initiates coverage on Sysco Corporation (NYSE:SYY).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Bank of America announces the price target of $52 per share. The rating by the firm was issued on June 20, 2016. The company shares have rallied 42.03% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $51.58 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $49.26 and the 200 Day Moving Average price is recorded at $45.64.

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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