Sysco Corp (SYY) concluded trading on Wednesday at a closing price of $77.01, with 6.02 million shares of worth about $463.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.20% during that period and on November 06, 2024 the price saw a gain of about 0.86%. Currently the company’s common shares owned by public are about 491.76M shares, out of which, 489.98M shares are available for trading.
Stock saw a price change of 3.72% in past 5 days and over the past one month there was a price change of 2.24%. Year-to-date (YTD), SYY shares are showing a performance of 5.31% which increased to 15.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.27 but also hit the highest price of $82.89 during that period. The average intraday trading volume for Sysco Corp shares is 3.20 million. The stock is currently trading 2.66% above its 20-day simple moving average (SMA20), while that difference is up 1.15% for SMA50 and it goes to 1.14% higher than SMA200.
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Sysco Corp (NYSE: SYY) currently have 491.76M outstanding shares and institutions hold larger chunk of about 88.36% of that.
The stock has a current market capitalization of $37.83B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 19.80, while it has posted earnings per share of $3.89 in the same period. Its PEG reads 2.65 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 6.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SYY, volatility over the week remained 1.60% while standing at 1.69% over the month.
Stock’s fiscal year EPS is expected to rise by 5.99% while it is estimated to increase by 8.08% in next year. EPS is likely to grow at an annualized rate of 7.47% for next 5-years, compared to annual growth of 3.96% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on May 28, 2024 offering a Buy rating for the stock and assigned a target price of $85 to it. Coverage by Piper Sandler stated Sysco Corp (SYY) stock as a Neutral in their note to investors on November 21, 2023, suggesting a price target of $73 for the stock. On October 19, 2023, Deutsche Bank Initiated their recommendations, while on March 09, 2023, BofA Securities Resumed their ratings for the stock with a price target of $90. Stock get a Hold rating from Argus on February 02, 2023.
