Sysco Corp. (NYSE:SYY) finished Friday with a subtraction of -$0.47 to close at $66.05, a downside of -0.71 percent. An average of 2,789,080 shares of common stock have been traded in the last five days. There was a fall of -$2.58 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 2,478,115 shares traded, while the 50-day average volume stands at 2,497,770.
SYY stock has decreased by -5.76% in the last month. The company shares reached their 1-month lowest point of $64.82 on 09/27/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $64.82 and a high of $87.41 in 52 weeks. It has reached a new high 9 times so far this year and lost -13.60% or -$10.40 in price. In spite of this, the price is down -24.44% from the 52-week high.
Insider Transactions
SYY stock investors should be aware that Sysco Corp. (SYY) stock had its last reported insider trading activity 29 days ago on Sep 01. In this transaction, the insider spent $15,304. Director, Talton Sheila, disposed of 2,469 shares at a price of $77.24 on Feb 02. The insider now owns more than $190,696 worth of shares. Prior to that, EVP Bertrand Greg D went on to Sale 12,000 shares at $85.00 each on Oct 28. An amount of $1,020,000 was transacted.
Valuation Metrics
Sysco Corp. (SYY) has a trailing price-to-earnings (P/E) ratio of 19.01. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.44, the price-to-book (PB) ratio at 16.61, and the price-to-cash flow ratio at 15.10.
Financial Health
The quick ratio of Sysco Corp. for the three months ended June 29 was 0.72, and the current ratio was 1.24, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.48 and a total debt to equity ratio of 5.56 for the quarter ending June 29. Its gross profit as reported stood at $13.96 billion compared to revenue of $76.32 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sysco Corp.’s return on assets was 7.88%.
Earnings Surprise
For the three-month period that ended June 29, Sysco Corp. had $10.35 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 $733.74 million in the quarter, while revenues of $429.6 million were grew 30.49%. The analyst consensus anticipated Sysco Corp.’s latest quarter earnings to come in at $1.33 per share, but it turned out to be $1.34, a 0.80% surprise. For the quarter, EBITDA amounted to $1.2 billion. Shareholders own equity worth $504.93 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sysco Corp. (SYY) price momentum. RSI 9-day as of the close on 29 September was 30.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.86%.
As of today, SYY’s price is $66.56 -3.76% or -$2.58 from its 5-day moving average. SYY is currently trading -5.17% lower than its 20-day SMA and -13.18% lower than its 100-day SMA. However, the stock’s current price level is -12.35% below the SMA50 and -20.55% below the SMA200.
The stochastic %K and %D were 16.21% and 11.86%, respectively, and the average true range (ATR) was 1.20. With the 14-day stochastic at 18.02% and the average true range at 1.16, the RSI (14) stands at 32.01%. The stock has reached -2.08 on the 9-day MACD Oscillator while the 14-day reading was at -2.99.
Analyst Ratings
The consensus rating for Sysco Corp. (SYY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SYY, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 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 Corp. (SYY) stock is $85.43.
