Analysts Set Sysco Co. Target Price at $83.30
January 6, 2024
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Sysco Corporation ($NYSE:SYY) is one of the largest foodservice distributors in the world, providing products and services to restaurants, educational institutions, hotels and other foodservice operations. Recently, analysts projected Sysco Co.’s target price to be $83.30. Analysts believe that Sysco Co.’s financial performance is on track and are expecting further growth in the future.
Price History
On Tuesday, SYSCO CORPORATION stock opened at $73.0 and closed at $74.4, up by 1.8% from its prior closing price of 73.1. This is significantly higher than the current stock price, suggesting that analysts are bullish on the future prospects of the company. Investors will be watching the stock closely to see if it closes above or below this target price, which would indicate whether they should invest or not. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sysco Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 76.82k | 1.81k | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sysco Corporation. More…
| Operations | Investing | Financing |
| 2.8k | -989.7 | -1.59k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sysco Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.27k | 21.11k | 4.22 |
Key Ratios Snapshot
Some of the financial key ratios for Sysco Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | 83.7% | 3.8% |
| FCF Margin | ROE | ROA |
| 2.6% | 87.4% | 7.8% |
Analysis
At GoodWhale, we have conducted an analysis of SYSCO CORPORATION‘s fundamentals. According to Star Chart SYSCO CORPORATION is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company would be of interest to long-term investors who are looking for relatively safe investments with a strong track record of success. SYSCO CORPORATION is strong in asset and medium in dividend, growth, and profitability. Additionally, SYSCO CORPORATION has a high health score of 8/10, indicating that the company is capable to ride out any crisis without running the risk of bankruptcy. This makes it an attractive investment option, especially for those who are looking for long-term stability and growth. More…
Peers
Sysco Corp is in competition with US Foods Holding Corp, Performance Food Group Co, Sligro Food Group NV. Sysco is the largest foodservice distributor in North America with a market share of approximately 22 percent. The company operates approximately 330 distribution facilities serving approximately 425,000 customers.
– US Foods Holding Corp ($NYSE:USFD)
With a market cap of $6.65 billion as of 2022, US Foods Holding Corp is a foodservice distribution company that offers a broad range of food and non-food products to customers in the United States. The company operates through three segments: Foodservice, Retail, and E-commerce. The Foodservice segment provides products and services to restaurants, hotels, healthcare facilities, government entities, and educational institutions. The Retail segment offers products through a network of retail grocery stores, including supermarkets, supercenters, and convenience stores. The E-commerce segment provides products and services through an online platform.
– Performance Food Group Co ($NYSE:PFGC)
In 2022, Performance Food Group Co had a market cap of 8.2B and a ROE of 6.73%. The company is a foodservice distributor that delivers food and related products to restaurants, schools, healthcare facilities, and other customers in the United States.
– Sligro Food Group NV ($LTS:0MKM)
Sligro Food Group NV is a Dutch food retailing and wholesale company. The company has a market cap of 650.19M as of 2022 and a Return on Equity of 8.07%. Sligro Food Group NV is involved in the food retailing and wholesale business. The company operates supermarkets, hypermarkets, and convenience stores in the Netherlands, Belgium, and Luxembourg.
Summary
Sysco Corporation is a leading global foodservice distribution company, offering a wide variety of products and services to customers in the foodservice industry. Recent financial results show that Sysco has been performing well, with strong revenue growth, solid cash flow, and a healthy balance sheet. Analysts also cite the company’s well-established market position, diversified portfolio, and long-term cost savings initiatives as key positives.
Going forward, Sysco looks to continue to capitalize on its strong brand recognition and focus on innovation to drive future growth. Investors appear positive on the stock, with many believing it is an attractive long-term investment opportunity.
