In the past week, SYY stock has gone up by 2.53%, with a monthly gain of 1.20% and a quarterly plunge of -4.05%. The volatility ratio for the week is 2.13%, and the volatility levels for the last 30 days are 1.78% for Sysco Corp. The simple moving average for the past 20 days is 2.32% for SYY’s stock, with a -0.50% simple moving average for the past 200 days.
Is It Worth Investing in Sysco Corp. (NYSE: SYY) Right Now?
Sysco Corp. (NYSE: SYY) has a price-to-earnings ratio of 17.95x that is above its average ratio. Additionally, the 36-month beta value for SYY is 1.18. 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.”
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The public float for SYY is 497.14M and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of SYY on July 23, 2024 was 3.30M shares.
SYY) stock’s latest price update
Sysco Corp. (NYSE: SYY) has seen a decline in its stock price by 0.00 in relation to its previous close of 73.62. However, the company has experienced a 2.53% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-22 that Sysco (SYY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of SYY
Many brokerage firms have already submitted their reports for SYY stocks, with Guggenheim repeating the rating for SYY by listing it as a “Buy.” The predicted price for SYY in the upcoming period, according to Guggenheim is $85 based on the research report published on May 28, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see SYY reach a price target of $73. The rating they have provided for SYY stocks is “Neutral” according to the report published on November 21st, 2023.
Deutsche Bank gave a rating of “Buy” to SYY, setting the target price at $75 in the report published on October 19th of the previous year.
SYY Trading at 1.11% 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 -11.18% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares surge +0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.34% lower at present.
During the last 5 trading sessions, SYY rose by +2.53%, which changed the moving average for the period of 200-days by +14.53% in comparison to the 20-day moving average, which settled at $71.96. In addition, Sysco Corp. saw 0.67% 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 0.2. Equity return is now at value 113.00, with 8.76 for asset returns.
Based on Sysco Corp. (SYY), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 5.87. The interest coverage ratio of the stock is 5.68.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 14.03for trailing twelve months and the total asset turnover is 3.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
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.
