Barclays Sticks to Its Buy Rating for Sysco (SYY)
Barclays analyst Jeff Bernstein maintained a Buy rating on Sysco today and set a price target of $92.00.
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According to TipRanks, Bernstein is a 4-star analyst with an average return of 4.0% and a 58.38% success rate. Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Darden Restaurants, and Restaurant Brands International.
In a report released on February 12, Guggenheim also maintained a Buy rating on the stock with a $95.00 price target.
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. Earlier this month, Sheila Talton, a Director at SYY sold 2,801.00 shares for a total of $232,454.99.
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