Sysco (NYSE:SYY) Upgraded to Buy (B-) at Weiss Ratings

Key Points

• Sysco has been upgraded from a "hold (C+)" rating to a "buy (B-)" rating by Weiss Ratings, reflecting positive sentiment among analysts.
• Analysts have set a consensus target price of $87.00 for Sysco, with several firms recently raising their ratings and price targets for the stock.
• Sysco reported a quarterly earnings per share of $1.48, exceeding expectations and indicating a year-over-year revenue increase of 2.8% to $21.14 billion.

Sysco (NYSE:SYY - Get Free Report) was upgraded by equities research analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a report released on Friday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Sysco from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. UBS Group set a $90.00 price objective on shares of Sysco in a research report on Wednesday, July 30th. Sanford C. Bernstein assumed coverage on shares of Sysco in a research report on Wednesday. They issued a "market perform" rating and a $83.00 target price on the stock. Wells Fargo & Company set a $88.00 target price on shares of Sysco and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Barclays increased their target price on shares of Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Sysco Trading Down 1.2%

Shares of NYSE:SYY opened at $77.30 on Friday. Sysco has a 52 week low of $67.12 and a 52 week high of $83.47. The company's 50 day moving average is $80.53 and its two-hundred day moving average is $76.78. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The company has a market cap of $36.99 billion, a PE ratio of 20.72, a P/E/G ratio of 2.41 and a beta of 0.82.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The company had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities 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 961 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total transaction of $77,841.00. Following the completion of the sale, the executive vice president owned 41,501 shares in the company, valued at $3,361,581. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 14,732 shares of company stock worth $1,193,245. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Sysco

Hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company's stock worth $26,000 after acquiring an additional 135 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of Sysco in the 2nd quarter worth $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Sysco in the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Sysco by 94.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company's stock worth $32,000 after acquiring an additional 204 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in shares of Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Company Profile

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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