Barclays Capital Gives Equalweight Rating to SYSCO (SYY)

By admin | 7 years ago

SYSCO (NYSE: SYY)‘s stock had its “equalweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Tuesday.

Shares of SYSCO opened at 28.02 on Tuesday. SYSCO has a 52 week low of $25.09 and a 52 week high of $32.72. The company has a market cap of $16.380 billion and a P/E ratio of 14.37.

SYSCO last announced its earnings results on Monday, May 7th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.05. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that SYSCO will post $0.51 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of SYSCO from $33.00 to $31.00 in a research note to investors on Tuesday. Analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of SYSCO in a research note to investors on Wednesday, April 4th. They set a “sell” rating on the stock.

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.

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