Sysco Corporation (NYSE:SYY) finished Wednesday with an addition of $0.12 to close at $70.32, an upside of 0.17 percent. An average of 2,651,440 shares of common stock have been traded in the last five days. There was a fall of -$1.76 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,659,175 shares traded, while the 50-day average volume stands at 2,463,220.
SYY stock has decreased by -6.89% in the last month. The company shares reached their 1-month lowest point of $69.76 on 08/22/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $69.22 and a high of $87.41 in 52 weeks. It has reached a new high 9 times so far this year and lost -8.02% or -$6.13 in price. In spite of this, the price is down -19.55% from the 52-week high.
Insider Transactions
SYY stock investors should be aware that Sysco Corporation (SYY) stock had its last reported insider trading activity 203 days ago on Feb 02. In this transaction, the insider spent $190,696. EVP, Bertrand Greg D, disposed of 12,000 shares at a price of $85.00 on Oct 28. The insider now owns more than $1,020,000 worth of shares. Prior to that, President and CEO Hourican Kevin went on to Sale 75,019 shares at $81.22 each on Oct 24. An amount of $6,093,043 was transacted.
Valuation Metrics
Sysco Corporation (SYY) has a trailing price-to-earnings (P/E) ratio of 20.24. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.47, the price-to-book (PB) ratio at 22.68, and the price-to-cash flow ratio at 30.71.
The company has a payout ratio of 68.80%. The company’s most recent quarterly dividend payment was $0.50 a share, representing a up of 2.04% from $0.49 last year. Its latest increase dividend $0.01 reported on Thursday April 27 2023.
Financial Health
The quick ratio of Sysco Corporation for the recent quarter was 0.70, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.51 and a total debt to equity ratio of 6.97 for the recent quarter. Sysco Corporation’s EBITDA margin is 5.39%, while its operating margin for the same period stands at 3.00%. Its gross profit as reported stood at $13.96 billion compared to revenue of $76.32 billion.
Earnings Surprise
For the recent quarter, Sysco Corporation had $10.26 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $429.6 million in the quarter, while revenues of $141.22 million were grew 29.39%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sysco Corporation (SYY) price momentum. RSI 9-day as of the close on 23 August was 28.34%, suggesting the stock is oversold, with historical volatility in this time frame at 12.28%.
As of today, SYY’s price is $70.90 -2.44% or -$1.76 from its 5-day moving average. SYY is currently trading -6.80% lower than its 20-day SMA and -8.60% lower than its 100-day SMA. However, the stock’s current price level is -2.78% below the SMA50 and -13.45% below the SMA200.
The stochastic %K and %D were 10.78% and 12.83%, respectively, and the average true range (ATR) was 1.22. With the 14-day stochastic at 10.96% and the average true range at 1.24, the RSI (14) stands at 33.09%. The stock has reached -0.66 on the 9-day MACD Oscillator while the 14-day reading was at -1.43.
Analyst Ratings
The consensus rating for Sysco Corporation (SYY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SYY, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is SYY’s price target for the next 12 months?
Analysts predict a range of price targets between $79.00 and $92.00, with a median target of $85.50. Taking a look at these predictions, the average price target given by analysts for Sysco Corporation (SYY) stock is $85.25.
