Sysco Corp. (NYSE: SYY) has a price-to-earnings ratio of 18.72x that is above its average ratio. Additionally, the 36-month beta value for SYY is 1.15. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for SYY is 496.80M and currently, short sellers hold a 1.33% ratio of that float. The average trading volume of SYY on April 09, 2024 was 3.02M shares.
SYY) stock’s latest price update
Sysco Corp. (NYSE: SYY) has experienced a rise in its stock price by 0.09 compared to its previous closing price of 76.67. However, the company has seen a fall of -4.75% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-05 that Sysco (SYY) is focused on its Recipe for Growth plans. The company is on track with prudent buyouts to grow its distribution network and customer base.
SYY’s Market Performance
Sysco Corp. (SYY) has experienced a -4.75% fall in stock performance for the past week, with a -3.92% drop in the past month, and a 1.44% rise in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.34% for SYY. The simple moving average for the last 20 days is -4.53% for SYY’s stock, with a simple moving average of 4.69% for the last 200 days.
Analysts’ Opinion of SYY
Many brokerage firms have already submitted their reports for SYY stocks, with Piper Sandler repeating the rating for SYY by listing it as a “Neutral.” The predicted price for SYY in the upcoming period, according to Piper Sandler is $73 based on the research report published on November 21, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see SYY reach a price target of $75. The rating they have provided for SYY stocks is “Buy” according to the report published on October 19th, 2023.
BofA Securities gave a rating of “Buy” to SYY, setting the target price at $90 in the report published on March 09th of the previous year.
SYY Trading at -4.01% from the 50-Day Moving Average
After a stumble in the market that brought SYY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.42% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.95% upper at present.
During the last 5 trading sessions, SYY fell by -4.75%, which changed the moving average for the period of 200-days by +5.70% in comparison to the 20-day moving average, which settled at $80.19. In addition, Sysco Corp. saw 4.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SYY starting from Jasper James Chris, who sale 4,000 shares at the price of $80.41 back on Mar 14 ’24. After this action, Jasper James Chris now owns 18,531 shares of Sysco Corp., valued at $321,640 using the latest closing price.
Russell Neil, the SVP, Corp. Affairs and CAO of Sysco Corp., sale 1,722 shares at $80.00 during a trade that took place back on Mar 06 ’24, which means that Russell Neil is holding 24,082 shares at $137,760 based on the most recent closing price.
Stock Fundamentals for SYY
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.18 for the gross margin
The net margin for Sysco Corp. stands at 0.03. The total capital return value is set at 0.19. Equity return is now at value 108.42, with 8.89 for asset returns.
Based on Sysco Corp. (SYY), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 5.09. The interest coverage ratio of the stock is 5.78.
Currently, EBITDA for the company is 3.7 billion with net debt to EBITDA at 0.91. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 14.63for trailing twelve months and the total asset turnover is 3.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In conclusion, Sysco Corp. (SYY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
