Sysco Corporation (SYY): Today's Featured Wholesale Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole was unchanged today. By the end of trading, Sysco Corporation fell $0.36 (-1.1%) to $31.89 on light volume. Throughout the day, 2,433,344 shares of Sysco Corporation exchanged hands as compared to its average daily volume of 3,245,900 shares. The stock ranged in price between $31.81-$32.30 after having opened the day at $32.27 as compared to the previous trading day's close of $32.25. Other companies within the Wholesale industry that declined today were:
(
), down 4.0%,
(
), down 3.6%,
(
), down 2.4% and
(
), down 2.4%.
Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry. Sysco Corporation has a market cap of $19.2 billion and is part of the services sector. Shares are up 2.0% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Sysco Corporation a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Sysco Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Sysco Corporation Ratings Report.
On the positive front,
(
), up 11.4%,
(
), up 11.4%,
Aegean Marine Petroleum Network
(
), up 4.3% and
(
), up 4.1%.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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