Sysco Corp. [NYSE: SYY] loss -1.24% or -0.93 points to close at $74.17 with a heavy trading volume of 5860563 shares.
The daily chart for SYY points out that the company has recorded -0.20% loss over the past six months.
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If we look at the average trading volume of 3.27M shares, SYY reached to a volume of 5860563 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sysco Corp. [SYY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SYY shares is $84.62 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 2.05. 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.
Guggenheim have made an estimate for Sysco Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 28, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on November 21, 2023, representing the official price target for Sysco Corp. stock. Previously, the target price had yet another raise to $75, while Deutsche Bank analysts kept a Buy rating on SYY stock.
The Average True Range (ATR) for Sysco Corp. is set at 1.36, 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 19.61, with the Price to Cash per share for the same quarter was set at 1.42. Price to Free Cash Flow for SYY in the course of the last twelve months was 16.89 with Quick ratio for the last quarter at 0.69.
Trading performance analysis for SYY stock
Sysco Corp. [SYY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.80. With this latest performance, SYY shares dropped by -4.98% in over the last four-week period, additionally sinking by -0.20% over the last 6 months – not to mention a rise of 15.01% 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 42.50, with the RSI for the last a single of trading hit 40.94, and the three-weeks RSI is set at 44.26 for Sysco Corp. [SYY]. The present Moving Average for the last 50 days of trading for this stock 76.31, while it was recorded at 74.44 for the last single week of trading, and 76.13 for the last 200 days.
Sysco Corp. [SYY]: A deeper dive into fundamental analysis
Sysco Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.20.
Sysco Corp. [SYY]: An earnings per share (EPS) analysis
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 Corp. go to 7.47%.
An analysis of Institutional ownership at Sysco Corp. [SYY]
There are presently around $86.30%, or 86.46%% of SYY stock, in the hands of institutional investors. The top three institutional holders of SYY stocks are: VANGUARD GROUP INC with ownership of 54.57 million shares, which is approximately 10.9219%. BLACKROCK INC., holding 37.1 million shares of the stock with an approximate value of $$2.65 billion in SYY stocks shares; and BLACKROCK INC., currently with $$1.75 billion in SYY stock with ownership which is approximately 4.9181%.
