Sysco (NYSE:SYY) PT Lowered to $87.00

Sysco (NYSE:SYY - Get Free Report) had its price target dropped by stock analysts at UBS Group from $92.00 to $87.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 19.11% from the company's current price.

A number of other equities research analysts also recently weighed in on SYY. Barclays lifted their price target on shares of Sysco from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, January 31st. Stephens lifted their price target on shares of Sysco from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their price objective on shares of Sysco from $85.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Piper Sandler lowered their price objective on shares of Sysco from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.90.

Sysco Stock Performance

Shares of NYSE:SYY traded down $1.28 during trading on Wednesday, reaching $73.04. 4,975,011 shares of the stock were exchanged, compared to its average volume of 2,972,662. Sysco has a 12 month low of $62.24 and a 12 month high of $82.89. The firm has a market cap of $36.36 billion, a PE ratio of 17.86, a PEG ratio of 1.56 and a beta of 1.15. The stock has a 50-day moving average price of $78.89 and a 200-day moving average price of $75.09. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The company had revenue of $19.38 billion during the quarter, compared to analysts' expectations of $19.74 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. Research analysts expect that Sysco will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling at Sysco

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

Hedge Funds Weigh In On Sysco

Large investors have recently added to or reduced their stakes in the business. First United Bank & Trust bought a new position in Sysco in the 4th quarter valued at about $26,000. Verity & Verity LLC bought a new position in shares of Sysco during the 1st quarter worth approximately $26,000. AdvisorNet Financial Inc lifted its position in shares of Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company's stock worth $27,000 after buying an additional 159 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company's stock worth $28,000 after buying an additional 179 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $30,000. Institutional investors own 83.41% of the company's stock.

About Sysco

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.