Sysco Corporation [SYY] Revenue clocked in at $59.50 billion, down -37.61% YTD: What’s Next?

Sysco Corporation [NYSE: SYY] closed the trading session at $53.37 on 06/11/20. The day’s price range saw the stock hit a low of $53.015, while the highest price level was $55.34. The stocks have a year to date performance of -37.61 percent and weekly performance of -8.91 percent. The stock has been moved at -35.33 percent over the last six months. The stock has performed 8.30 percent around the most recent 30 days and changed 22.66 percent over the most recent 3-months.

If compared to the average trading volume of 6.94M shares, SYY reached to a volume of 6335877 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Sysco Corporation [SYY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SYY shares is $55.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SYY stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Sysco Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 05, 2020. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $58 to $64. The new note on the price target was released on June 01, 2020, representing the official price target for Sysco Corporation stock. Previously, the target price had yet another drop from $88 to $51, while BMO Capital Markets kept a Market Perform rating on SYY stock. On March 26, 2020, analysts decreased their price target for SYY shares from 75 to 68.

The Average True Range (ATR) for Sysco Corporation is set at 3.17, with the Price to Sales ratio for SYY stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 13.38, with the Price to Cash per share for the same quarter was set at 4.40. Price to Free Cash Flow for SYY in the course of the last twelve months was 70.95 with Quick ratio for the last quarter at 0.90.

SYY stock trade performance evaluation

Sysco Corporation [SYY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.91. With this latest performance, SYY shares gained by 8.30% in over the last four-week period, additionally sinking by -35.33% over the last 6 months – not to mention a drop of -26.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SYY stock in for the last two-week period is set at 46.96, with the RSI for the last a single of trading hit 41.19, and the three-weeks RSI is set at 48.19 for Sysco Corporation [SYY]. The present Moving Average for the last 50 days of trading for this stock 51.95, while it was recorded at 59.49 for the last single week of trading, and 69.60 for the last 200 days.

Sysco Corporation [SYY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sysco Corporation [SYY] shares currently have an operating margin of +4.15 and a Gross Margin at +17.89. Sysco Corporation’s Net Margin is presently recorded at +2.79.

Return on Total Capital for SYY is now 23.11, given the latest momentum, and Return on Invested Capital for the company is 16.20. Return on Equity for this stock inclined to 66.84, with Return on Assets sitting at 9.29. When it comes to the capital structure of this company, Sysco Corporation [SYY] has a Total Debt to Total Equity ratio set at 326.19. Additionally, SYY Total Debt to Total Capital is recorded at 76.54, with Total Debt to Total Assets ending up at 45.44. Long-Term Debt to Equity for the company is recorded at 324.54, with the Long-Term Debt to Total Capital now at 76.15.

Reflecting on the efficiency of the workforce at the company, Sysco Corporation [SYY] managed to generate an average of $24,265 per employee. Receivables Turnover for the company is 14.42 with a Total Asset Turnover recorded at a value of 3.34.Sysco Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.50.

Earnings per share (EPS) analysis for Sysco Corporation [SYY] stock

With the latest financial reports released by the company, Sysco Corporation posted 1.1/share EPS, while the average EPS was predicted by analysts to be reported at 1.06/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SYY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sysco Corporation go to 7.40%.

Sysco Corporation [SYY]: Insider Ownership positions

There are presently around $23,382 million, or 82.80% of SYY stock, in the hands of institutional investors. The top three institutional holders of SYY stocks are: VANGUARD GROUP INC with ownership of 47,866,535, which is approximately 1.213% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 33,950,393 shares of the stock with an approximate value of $1.93 billion in SYY stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $1.52 billion in SYY stock with ownership of nearly 41.279% of the company’s market capitalization.

Positions in Sysco Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 520 institutional holders increased their position in Sysco Corporation [NYSE:SYY] by around 54,330,286 shares. Additionally, 772 investors decreased positions by around 55,389,940 shares, while 152 investors held positions by with 300,554,775 shares. The mentioned changes placed institutional holdings at 410,275,001 shares, according to the latest SEC report filing. SYY stock had 122 new institutional investments in for a total of 12,499,576 shares, while 278 institutional investors sold positions of 17,422,307 shares during the same period.

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