The Sysco Corporation (NYSE:SYY) is going down by -0.16% in today’s trading session, a fall equivalent to -0.13% of the stock’s price from yesterday’s market close. A news came out on 11/19/19 stating that Michael Foster Joins Sysco Corporation as Chief Information and Technology Officer by WSJ. The lowest point that the shares touched during the trading session was $79.86, while the peak of the day was recorded at a share price of $80.84. SYY finished the previous session at $80.82 according to the data provided by Barchart, while the trading volume was observed to be $737165.
In the 100 days of trading, SYY managed to top a 76.38% Moving average. Additionally, Sysco Corporation shares have achieved a 52-week range between 59.44 and 81.90 alongside 100 days raw stochastic set at 91.93%.
The number of shares outstanding, according to the fundamentals of the company, is set at 513.46M, equal to the value of $41.50B in market capitalization. In the last 30 days, Sysco Corporation shares went down by -1.49%, adding 81.90 to growth in value, on top of a +2.82% boost since 11/01/19.
Sysco Corporation (NYSE:SYY) Analyst’s Estimates
Sysco Corporation (SYY) could record at least $0.84 per share in quarterly earnings in the upcoming report on 02/10/2020, a number that would actually represent an increase of 4.14 YOY.
According to the average analyst rating, Sysco Corporation would be rated as Overweight. Out of 13 different analysts monitoring SYY stock, 6 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 0 indicate that SYY is an OVERWEIGHT, 1 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On May 07, 2019, 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 January 16, 2019. Pivotal Research Group, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on November 06, 2018.
Pivotal Research Group, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 14, 2018, giving the stock a Sell rating.
SYY Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +17.89% has been attained, while the operating margin has been recorded at +4.15%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 9.29%. Beta value of the stock is recorded at 0.46. Additionally, Sysco Corporation is recording price volatility of 1.22% for the period of the last seven days and 1.39% 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 73.19% 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 62.69%. Stochastic %K for Sysco Corporation, with the last 20 days included, was set at 63.95%, having Stochastic %D topping 67.57%. 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 encouraging for Sysco Corporation stocks with recording 28.98% in metrics.
Sysco Corporation Insider Watch:
Similarly, 81.89% of the company’s float is held by institutions – and there are 1,480 institutions in total holding shares of this company. The top three institutional holders of SYY stocks are: Vanguard Group, Inc. (The) with ownership of $3.7 billion, which is approximately 46620306 of the company’s shares; Blackrock Inc., holding 33272021 shares of the stock with an approximate value of $2.64 billion; and State Street Corporation, currently with more than 26747724 shares of the company valued at $2.12 billion. Positions in Sysco Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 39 insider purchases amounting to 643694 shares. Similarly, there were 11 sale transactions amounting to 524574 shares, with the net shares purchased during the last six months reaching 119,120.