Sysco Corporation (SYY) was a big mover last session, as the company saw its shares rise by nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent near-flat trend for the company, as stock is now trading above the volatile price range of $33.09 and $34.31.
This foodservice company has seen a mixed track record when it comes to estimate revisions of 2 increases and 3 decreases over the past 2 months. However, the Zacks Consensus Estimate moved lower over the same time frame suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Sysco Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the food-miscellaneous/diversified industry may consider stocks like United Natural Foods, Inc. (UNFI), Kerry Group plc (KRYAY) and Omega Protein Corporation (OME). While United Natural Foods and Kerry Group hold a Zacks Rank #2 (Buy), Omega Protein carries a Zacks Rank #2 (Buy).
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