Sysco Corp (SYY) Volatility Spurs A Quest For Clarity

Currently, there are 491.07M common shares owned by the public and among those 489.96M shares have been available to trade.

The company’s stock has a 5-day price change of 3.39% and 0.95% over the past three months. SYY shares are trading 8.70% year to date (YTD), with the 12-month market performance up to 9.19% higher. It has a 12-month low price of $69.03 and touched a high of $82.89 over the same period. SYY has an average intraday trading volume of 3.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.12%, 4.81%, and 4.74% respectively.

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Institutional ownership of Sysco Corp (NYSE: SYY) shares accounts for 87.57% of the company’s 491.07M shares outstanding.

It has a market capitalization of $39.05B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 20.44, while the earnings-per-share (ttm) stands at $3.89. The company has a PEG of 2.74 and a Quick Ratio of 0.73 with the debt-to-equity ratio at 6.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.81% over the week and 1.79% over the month.

Earnings per share for the fiscal year are expected to increase by 5.93%, and 8.13% over the next financial year. EPS should grow at an annualized rate of 7.47% over the next five years, compared to 3.96% over the past 5-year period.

Looking at the support for the SYY, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on May 28, 2024, with the firm’s price target at $85. Piper Sandler coverage for the Sysco Corp (SYY) stock in a research note released on November 21, 2023 offered a Neutral rating with a price target of $73. Deutsche Bank was of a view on October 19, 2023 that the stock is Buy, while BofA Securities gave the stock Buy rating on March 09, 2023, issuing a price target of $90. Argus on their part issued Hold rating on February 02, 2023.

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