Sysco Corp (NYSE: SYY)’s stock price has gone rise by 0.42 in comparison to its previous close of 80.73, however, the company has experienced a 6.29% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-12-03 that Sysco Corporation (NYSE:SYY ) Company Conference Call December 3, 2024 8:00 AM ET Company Participants Kenny Cheung – Chief Financial Officer Kevin Kim – Vice President, Investor Relations Conference Call Participants Brian Harbour – Morgan Stanley Brian Harbour Morning guys, thanks for joining us right at 8:00 am here. I’m Brian Harbour, I cover the food distributors and the restaurant space at Morgan Stanley.
Is It Worth Investing in Sysco Corp (NYSE: SYY) Right Now?
The price-to-earnings ratio for Sysco Corp (NYSE: SYY) is 20.84x, which is above its average ratio. Moreover, the 36-month beta value for SYY is 1.19. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for SYY is 489.98M and currently, short sellers hold a 2.52% of that float. On December 10, 2024, SYY’s average trading volume was 3.44M shares.
SYY’s Market Performance
SYY stock saw an increase of 6.29% in the past week, with a monthly gain of 5.46% and a quarterly increase of 3.27%. The volatility ratio for the week is 2.48%, and the volatility levels for the last 30 days are 1.85% for Sysco Corp (SYY). The simple moving average for the last 20 days is 5.07% for SYY’s stock, with a simple moving average of 6.79% for the last 200 days.
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 6.47% 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 -2.20% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +4.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.39% upper at present.
During the last 5 trading sessions, SYY rose by +6.29%, which changed the moving average for the period of 200-days by +0.31% in comparison to the 20-day moving average, which settled at $77.16. In addition, Sysco Corp saw 10.86% 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 McFadden Eve M, who sale 6,499 shares at the price of $80.00 back on Dec 04 ’24. After this action, McFadden Eve M now owns 48,451 shares of Sysco Corp, valued at $519,920 using the latest closing price.
Bertrand Greg D, the EVP of Sysco Corp, sale 21,844 shares at $80.00 during a trade that took place back on Dec 04 ’24, which means that Bertrand Greg D is holding 60,581 shares at $1,747,520 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 0.02. The total capital return value is set at 0.2. Equity return is now at value 89.64, with 7.90 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 0.25. The debt to equity ratio resting at 5.6. The interest coverage ratio of the stock is 5.38.
Currently, EBITDA for the company is 4.17 billion with net debt to EBITDA at 3.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 13.74for trailing twelve months and the total asset turnover is 3.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To wrap up, the performance of Sysco Corp (SYY) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
