Is Sysco Corp (NYSE: SYY) Proving The Doubters Wrong?

Sysco Corp (SYY) concluded trading on Wednesday at a closing price of $70.69, with 6.83 million shares of worth about $482.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.68% during that period and on February 19, 2025 the price saw a gain of about 0.99%. Currently the company’s common shares owned by public are about 489.47M shares, out of which, 487.90M shares are available for trading.

Stock saw a price change of 0.21% in past 5 days and over the past one month there was a price change of -3.26%. Year-to-date (YTD), SYY shares are showing a performance of -7.55% which decreased to -10.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.03 but also hit the highest price of $82.33 during that period. The average intraday trading volume for Sysco Corp shares is 3.22 million. The stock is currently trading -1.91% below its 20-day simple moving average (SMA20), while that difference is down -5.63% for SMA50 and it goes to -5.64% lower than SMA200.

Sysco Corp (NYSE: SYY) currently have 489.47M outstanding shares and institutions hold larger chunk of about 88.70% of that.

The stock has a current market capitalization of $34.58B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 18.16, while it has posted earnings per share of $3.89 in the same period. Its PEG reads 2.39 and has Quick Ratio of 0.68 while making debt-to-equity ratio of 6.80. 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 1.88% while standing at 1.91% over the month.

Stock’s fiscal year EPS is expected to rise by 6.06% while it is estimated to increase by 8.40% in next year. EPS is likely to grow at an annualized rate of 7.59% 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 Melius on December 18, 2024 offering a Hold rating for the stock and assigned a target price of $85 to it. Coverage by Guggenheim stated Sysco Corp (SYY) stock as a Buy in their note to investors on May 28, 2024, suggesting a price target of $85 for the stock. On November 21, 2023, Piper Sandler Resumed their recommendations, while on October 19, 2023, Deutsche Bank Initiated their ratings for the stock with a price target of $75. Stock get a Buy rating from BofA Securities on March 09, 2023.

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