Sysco Corporation which can be found using ticker (SYY) have now 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 95 and 80 with the average target price sitting at $87.78. Given that the stocks previous close was at $74.06 this would indicate that there is a potential upside of 18.5%. Also worth taking note is the 50 day moving average now sits at $76.66 and the 200 day moving average is $80.59. The total market capitalization for the company now stands at $37,172m. Company Website: https://www.sysco.com
The potential market cap would be $44,058m based on the market consensus.
Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of July 2, 2022, it operated 333 distribution facilities. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.
The company has a dividend yield of 2.65% with the ex dividend date set at 5-4-2023 (DMY).
Other points of data to note are a P/E ratio of 26.73, revenue per share of 144.69 and a 8.32% return on assets.
