Sysco Corporation (SYY): Today's Featured Wholesale Loser - TheStreet

Sysco Corporation

(

SYY

) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day down 1.2%. By the end of trading, Sysco Corporation fell 20 cents (-0.7%) to $28.80 on average volume. Throughout the day, 3.5 million shares of Sysco Corporation exchanged hands as compared to its average daily volume of 4.2 million shares. The stock ranged in price between $28.68-$29 after having opened the day at $28.89 as compared to the previous trading day's close of $29. Other company's within the Wholesale industry that declined today were:

Bluelinx Holdings

(

BXC

), down 12.7%,

China Metro-Rural Holdings

(

CNR

), down 9.3%,

Educational Development Corporation

(

EDUC

), down 8.1%, and

Edgen Group Inc Class A

(

EDG

), down 7.6%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

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 $16.92 billion and is part of the

services

sector. The company has a P/E ratio of 14.8, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Friday. Currently there are two analysts that rate Sysco Corporation a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates Sysco Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

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

(

IYK

) while those bearish on the wholesale industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

null