Sysco Corporation (SYY): What Technical Indicators Show

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Sysco Corporation (NYSE:SYY) saw a downside of -1.44% to close Tuesday at $78.11 after subtracting -$1.14 on the day. The 5-day average trading volume is 2,189,980 shares of the company’s common stock. It has gained $82.38 in the past week and touched a new high 2 times within the past 5 days. An average of 2,076,365 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,132,230.

SYY’s 1-month performance is 1.26% or $0.02 on its low of $75.14 reached on 01/03/23. The company’s shares have touched a 52-week low of $70.61 and high of $91.53, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, SYY has achieved 2.17% or $1.66 and has reached a new high 9 times. However, the current price is down -14.66% from the 52-week high price.

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Insider Transactions

SYY stock investors last saw insider trading activity on Oct 28.Bertrand Greg D (EVP) most recently sold 12,000 shares at $85.00 per share on Oct 28. This transaction cost the insider $1,020,000. President and CEO, Hourican Kevin, sold 75,019 shares at a price of $81.22 on Oct 24. Then, on Apr 21, EVP Bertrand Greg D sold 50,000 shares at a price of $90.00 per share. This transaction amounted to $4,500,000.

Valuation Metrics

SYY stock has a beta of 1.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55 while the price-to-book (PB) in the most recent quarter is 35.50, with the price to cash flow ratio at 250.30.

Sysco Corporation’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 9.20, while the total debt to equity was 9.70.. In terms of profitability, the gross margin trailing 12 months is 18.00%. The firm’s gross profit as reported stood at $12.32 billion against revenue of $68.64 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.81% to $465.57 million, while revenue of $509.99 million was -9.54% off the previous quarter. Analysts expected SYY to announce $1.11 per share in earnings in its latest quarter, but it posted $1.15, representing a 3.60% surprise. EBITDA for the quarter stood at more than $956.24 million. SYY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.1 billion, with total debt at $11.39 billion. Shareholders hold equity totaling $506.77 million.

Let’s look briefly at Sysco Corporation (SYY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 46.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.37%.

The stock’s 5-day moving average is $77.89, reflecting a -2.20% or -$1.76 change from its current price. SYY is currently trading +1.15% above its 20-day SMA, -5.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.85% and SMA200 by-5.94%.

Stochastic %K and %D was 48.19% and 42.84% and the average true range (ATR) pointed at 1.81. The RSI (14) points at 45.49%, while the 14-day stochastic is at 37.57% with the period’s ATR at 1.72. The stock’s 9-day MACD Oscillator is pointing at -0.55 and -0.27 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sysco Corporation (NYSE: SYY), Stephens launched coverage with an Overweight rating. Analysts offering their rating for SYY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SYY as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.

What is SYY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $80.00 and a high of $100.00, with their median price target at $90.00. Looking at these predictions, the average price target given by analysts is for Sysco Corporation (SYY) stock is $90.46.

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