SYSCO Corporation (NYSE:SYY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded SYSCO Corporation (NYSE:SYY) to Hold in a statement released on Tuesday November 29, 2016.
Boasting a price of $54.03, SYSCO Corporation (NYSE:SYY) traded 0.34% higher on the day. With the last stock price close up 6.80% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. SYSCO Corporation has recorded a 50-day average of $50.35 and a two hundred day average of $50.46. Volume of trade was down over the average, with 2,715,928 shares of SYY changing hands under the typical 3,925,480
With a total market value of $0, SYSCO Corporation has price-earnings ratio of 29.81 with a one year low of $38.84 and a one year high of $54.66 .
A total of 10 equity analysts have released a research note on SYY. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, seven equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of $47.90.
More About SYSCO Corporation (NYSE:SYY)
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company's segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company's specialty produce; custom-cut meat operations; lodging industry segments; a company that distributes specialty imported products; a company that distributes to international customers, and Sysco Ventures platform.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.