Sysco (NYSE:SYY) Price Target Raised to $95.00 at Guggenheim

Sysco (NYSE:SYY) had its price objective lifted by Guggenheim from $91.00 to $95.00 in a research note published on Friday morning, MarketBeat.com reports. Guggenheim currently has a buy rating on the stock.

Several other equities research analysts also recently commented on SYY. Barclays boosted their target price on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Truist Financial lifted their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on shares of Sysco and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.69.

Sysco Stock Up 0.6%

NYSE:SYY opened at $90.49 on Friday. Sysco has a 1-year low of $67.12 and a 1-year high of $91.40. The company has a market capitalization of $43.34 billion, a PE ratio of 24.33, a P/E/G ratio of 2.79 and a beta of 0.61. The firm’s 50-day moving average price is $77.94 and its 200-day moving average price is $78.43. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts predict that Sysco will post 4.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares of the company’s stock, valued at $1,067,915.32. The trade was a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Sysco

Several large investors have recently added to or reduced their stakes in SYY. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Sysco during the 3rd quarter worth $25,000. Harbor Capital Advisors Inc. lifted its position in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Sysco during the fourth quarter valued at about $25,000. Peterson Wealth Services increased its position in Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after buying an additional 324 shares in the last quarter. Finally, Torren Management LLC purchased a new position in shares of Sysco during the 4th quarter valued at about $27,000. 83.41% of the stock is currently owned by institutional investors.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.