Kirby Corp. (NYSE:KEX) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday. The stock is presently trading up its SMA-50 of $37.53. “3” brokerage firms have rated the company as a “Hold”.
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Several other equities research analysts have also issued reports on KEX. Credit Suisse Group AG reissued a “buy” rating on shares of Sysco Corp.in a research note on Tuesday, May 10th. “2” said as “SELL” recommendations and “0” suggested “UNDERWEIGHT” rating. In the past 52 weeks, the equity’s price traded between $62.92 and $ 83.64.
According to FactSet data, the stock has received different ratings from Financial Analysts.
Trian Fund Management L.P. holds 19.47% of its portfolio in SYSCO Corporation for 43.27 million shares. Rice Hall James & Associates LLC increased its stake in shares of Kirby Corp.by 26.0% in the second quarter. Cambiar Investors LLC increased its stake in shares of Kirby Corp.by 94.2% in the second quarter. Earnings per share for the recently concluded quarter is expected to come in at $0.59/share with $13.92B in revenue. The company recent traded volume was higher than its average volume of 3.21 million shares. A look on the firm performance, its monthly performance is 0.31% and a quarterly performance of 4.58%. The company earned $441.60 million during the quarter, compared to analysts’ expectations of $454.12 million.
Sysco’s strengths such as its revenue growth, notable return on equity, increase in net income, good cash flow from operations and solid stock price performance. The stock was sold at an average price of $48.50, for a total transaction of $975,529.00. Following the sale, the executive vice president now owns 241,033 shares of the company’s stock, valued at $11,711,793.47. The corporation has an earnings per share (EPS) ratio of 1.39. After the day began at $77.82, the company was seen hitting $79.09 as its intraday high price and $77.50 as its bottom price.
On Monday, Shares of SYSCO Corporation (NYSE:SYY) lost -0.06% to $52.18.
In the latest quarter, the Houston-based food manufacturer almost tripled its net income to $215.7 million or $0.38 earnings per share (EPS), from $73 million or $0.12 EPS in the same quarter past year. SYSCO Corporation (NYSE:SYY) marked highest price level of $53.97 on 08/15/16 and lowest price level of $38.12 on 08/24/15. The company has a market cap of $29.35B. Kirby Corp. The stock’s 50-day moving average price is $58.58 and its 200-day moving average price is $61.27. The company reported the earnings of $0.64/Share in the last quarter where the estimated EPS by analysts was $0.61/share.
Adjusted earnings (excluding restructuring and merger-related costs) of 64 cents per share beat the Zacks Consensus Estimate of 60 cents by 6.7% and were up 23.1% year over year.
Gross margin increased 44 basis points to 18.3 percent and gross profit rose 12.7 percent to $2.5 billion. On average, equities analysts forecast that Sysco Corp. will post $2.31 EPS for the current fiscal year. The company has an Average Rating of 1.79 based on Thomson Reuters I/B/E/S scale of 1-5. SYY has a dividend yield of 2.38%.
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Sysco Corporation (Sysco) along with its subsidiaries and divisions is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Firm provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.
