Sysco Corporation (NYSE:SYY) stock price target increased to $48.00, issued a research note today by Barclays Capital
- Updated: September 23, 2016
In a report released on 9/23/2016 Barclays Capital raised the target price of Sysco Corporation (NYSE:SYY) to $48.00 indicating a possible downside of -0.03%.
Previously on 9/12/2016, Vetr Inc. reported about Sysco Corporation (NYSE:SYY) raised the target price from $0.00 to $50.25. At the time, this indicated a possible upside of 0.01%.
Just yesterday Sysco Corporation (NYSE:SYY) traded -0.75% lower at $49.55. Sysco Corporation’s 50-day moving average is $51.51 and its 200-day moving average is $49.40. The last stock price is up 0.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,573,896 shares of SYY traded hands, down from an average trading volume of 3,693,950
Recent Performance Chart
Sysco Corporation has 52 week low of $38.34 and a 52 week high of $53.97 with a PE ratio of 30.27 and has a market capitalization of $0.
In addition to Barclays Capital reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $47.90 with 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 2 brokerages rating the stock a sell.
Brief Synopsis On Sysco Corporation (NYSE:SYY)
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 Company's other segments include its specialty produce, custom-cut meat and lodging industry products segments.
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