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Sysco (SYY) Looks Good: Stock Adds 6.2% in Session

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Sysco Corporation SYY was a big mover last session, as the company saw its shares rise more than 6% 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 trend of the company, as the stock is now trading above the volatile price range of $66.67 to $71.74 in the past one-month time frame.

The move came after the company reported impressive fourth-quarter fiscal 2018 results, wherein earnings met the Zacks Consensus Estimate.  Also, the top and the bottom lines improved year over year.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sysco currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Sysco Corporation Price

Sysco Corporation Price | Sysco Corporation Quote

A better-ranked stock in the Food - Miscellaneous industry is Medifast, Inc. MED, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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