The Sysco Corporation (NYSE:SYY) is going up by 1.04% in today’s trading session, a rise equivalent to 0.75% of the stock’s price from yesterday’s market close. A news came out on 08/12/19 stating that Sysco Acquires J. Kings Food Service Professionals by WSJ. The lowest point that the shares touched during the trading session was $71.91, while the peak of the day was recorded at a share price of $72.90. SYY finished the previous session at $72.25 according to the data provided by Barchart, while the trading volume was observed to be $1,026,469.
In the 100 days of trading, SYY managed to top a 70.95% Moving average. Additionally, Sysco Corporation shares have achieved a 52-week range between 59.44 and 75.98 alongside 100 days raw stochastic set at 68.23%.
The number of shares outstanding, according to the fundamentals of the company, is set at 518.68M, equal to the value of $37.47B in market capitalization. Financial analysts indicate that SYY shares should be still ranked as a “Outperform”. In the last 30 days, Sysco Corporation shares went down by -1.03%, adding 73.66 to growth in value, on top of a +9.16% boost since 07/16/19.
Sysco Corporation (NYSE:SYY) Analyst’s Estimates
Sysco Corporation (SYY) could record at least $1.06 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent an increase of 7.80% YOY.
According to the average analyst rating, Sysco Corporation would be rated as 2.47. Out of 15 different analysts monitoring SYY stock, 4 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 3 indicate that SYY is an OUTPERFORM, 1 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On May-07-19, the stock earned a Reiterated rating due to a new analyst call from Pivotal Research Group, while analysts from BofA/Merrill believe that the stock is set at Neutral from Buy, as concluded on Jan-16-19. Pivotal Research Group, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on Nov-06-18.
Pivotal Research Group, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Aug-14-18, giving the stock a Sell rating.
SYY Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +17.83% has been attained, while the operating margin has been recorded at +4.09%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 7.99%. Beta value of the stock is recorded at 0.49. Additionally, Sysco Corporation is recording price volatility of 2.26% for the period of the last seven days and 2.03% in the last 30 days.
Sysco Corporation (NYSE:SYY) Technical Outlook
For the period of the last 50 days, Sysco Corporation had its Raw Stochastic average set at 87.30% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 88.95%. Stochastic %K for Sysco Corporation, with the last 20 days included, was set at 82.80%, having Stochastic %D topping 84.53%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Sysco Corporation stocks with recording -2.61% in metrics.
Sysco Corporation Insider Watch:
As far as the position of shares issued by Sysco Corporation (NYSE:SYY) for the period concluded at the market close of 08/15/19, 518 institutional investors increased their positions in SYY shares by 24,637,389, 547 decreased positions by 21,013,242 and 230 institutional investors decided to hold positions at 363,330,200. These numbers put the complete list of institutional holdings set at 408,980,831 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 87 institutional investments with 2,885,610 new shares in addition to having 86 institutional investors selling their positions in 8,269,762 shares.