Media headlines about Sysco Corporation (NYSE:SYY) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sysco Corporation earned a news impact score of 0.24 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4398190609331 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Sysco Corp. breached its 50 day moving average in a Bullish Manner : SYY-US : November 13, 2017 (finance.yahoo.com)
- Top Losers in the Consumer Sector: November 6–10, 2017 (finance.yahoo.com)
- Sysco Stock Sees Short Interest Decrease By 13% (thestreet.com)
- Sysco Corporation (NYSE: SYY) – Hair-Raising Facts to Know – Alpha Beta Stock (alphabetastock.com)
- Edited Transcript of SYY earnings conference call or presentation 6-Nov-17 3:00pm GMT (finance.yahoo.com)
A number of analysts have issued reports on the company. Zacks Investment Research lowered Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a research report on Friday, August 4th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Pivotal Research set a $53.00 price objective on Sysco Corporation and gave the stock a “hold” rating in a research report on Sunday, August 13th. Finally, Royal Bank Of Canada set a $50.00 target price on Sysco Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.42.
Sysco Corporation (SYY) opened at $54.93 on Wednesday. Sysco Corporation has a 12 month low of $48.85 and a 12 month high of $57.23. The firm has a market cap of $28,147.46, a P/E ratio of 21.18, a PEG ratio of 2.42 and a beta of 0.53. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40.
Sysco Corporation (NYSE:SYY) last announced its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. Sysco Corporation’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. research analysts predict that Sysco Corporation will post 2.77 earnings per share for the current year.
In other news, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total value of $1,539,300.00. Following the completion of the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $20,869,059.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trian Fund Management, L.P. bought 889,561 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was bought at an average cost of $53.68 per share, with a total value of $47,751,634.48. Following the transaction, the director now directly owns 5,529 shares in the company, valued at approximately $296,796.72. The disclosure for this purchase can be found here. In the last quarter, insiders sold 2,125,781 shares of company stock worth $114,211,628. 9.60% of the stock is owned by company insiders.
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Sysco Corporation Company Profile
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.
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