Barclays Sticks to Their Buy Rating for Sysco (SYY)

In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Sysco, with a price target of $92.00.

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According to TipRanks, Bernstein is a 4-star analyst with an average return of 2.8% and a 54.75% success rate. Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Darden Restaurants, Restaurant Brands International, and Shake Shack.

In addition to Barclays, Sysco also received a Buy from TipRanks – PerPlexity’s PerPlexity Food Distribution in a report issued today. However, on the same day, TipRanks – Google reiterated a Hold rating on Sysco (NYSE: SYY).

Based on Sysco’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $20.76 billion and a net profit of $389 million. In comparison, last year the company earned a revenue of $20.15 billion and had a net profit of $406 million

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYY in relation to earlier this year. Last month, Sheila Talton, a Director at SYY sold 2,801.00 shares for a total of $232,454.99.