Sysco Corp. [SYY] stock prices are down -0.33% to $74.38 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SYY shares have lost -1.33% over the last week, with a monthly amount drifted -3.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sysco Corp. [NYSE: SYY] stock has seen the most recent analyst activity on May 28, 2024, when Guggenheim upgraded its rating to a Buy but kept the price target unchanged to $85 for it. On October 19, 2023, Deutsche Bank initiated with a Buy rating and assigned a price target of $75 on the stock. Argus downgraded its rating to a Hold. Stephens started tracking with a Overweight rating for this stock on September 23, 2022, and assigned it a price target of $90. In a note dated May 26, 2022, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $98.
The stock price of Sysco Corp. [SYY] has been fluctuating between $64.28 and $82.89 over the past year. Currently, Wall Street analysts expect the stock to reach $88.54 within the next 12 months. Sysco Corp. [NYSE: SYY] shares were valued at $74.38 at the most recent close of the market. An investor can expect a potential return of 19.04% based on the average SYY price forecast.
Analyzing the SYY fundamentals
The Sysco Corp. [NYSE:SYY] reported sales of 78.84B for trailing twelve months, representing a surge of 4.20%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.92 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.16 points at the first support level, and at 71.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.12, and for the 2nd resistance point, it is at 75.85.
Ratios To Look Out For
It’s worth pointing out that Sysco Corp. [NYSE:SYY]’s Current Ratio is 1.20. On the other hand, the Quick Ratio is 0.69, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 19.67 and price to earnings (TTM) ratio is 19.12.
Transactions by insiders
Recent insider trading involved Jasper James Chris, Officer, that happened on Sep 16 ’24 when 12248.0 shares were purchased. SVP, Jasper James Chris completed a deal on Mar 14 ’24 to sell 4000.0 shares. Meanwhile, SVP, Corp. Affairs and CAO Russell Neil sold 1722.0 shares on Mar 06 ’24.
