Sysco (NYSE:SYY) Given New $90.00 Price Target at UBS Group

Sysco (NYSE:SYY) had its price target lowered by investment analysts at UBS Group from $95.00 to $90.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 26.35% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Barclays upped their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Truist Financial lifted their price target on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $88.31.

Sysco Price Performance

Shares of Sysco stock traded down $0.94 during midday trading on Thursday, reaching $71.23. The company had a trading volume of 4,109,589 shares, compared to its average volume of 4,435,208. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The company has a market capitalization of $34.11 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.21 and a beta of 0.69. The stock has a fifty day simple moving average of $84.54 and a 200 day simple moving average of $79.42. Sysco has a 1-year low of $67.12 and a 1-year high of $91.85.

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

Insider Transactions at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares in the company, valued at $2,913,165. This trade represents a 13.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director directly owned 12,868 shares in the company, 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 company insiders.

Institutional Investors Weigh In On Sysco

Hedge funds have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Sysco in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco in the 4th quarter valued at $25,000. Motiv8 Investments LLC acquired a new stake in Sysco during the 4th quarter worth $25,000. Harbor Capital Advisors Inc. lifted its holdings in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Sysco in the fourth quarter valued at about $27,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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.