Sysco Corp (NYSE:SYY) shares, rose in value, with the stock price up by 1.67% to the previous day’s close as strong demand from buyers drove the stock to $73.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $72.07. The PE ratio was 18.95 over 12-month period. Referring to stock’s 52-week performance, its high was $82.23, and the low was $67.12. On the whole, SYY has fluctuated by 2.62% over the past month.
With the market capitalization of Sysco Corp currently standing at about $35.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.04, with its dividend yield at 2.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 81.26B, with a low estimate of 20.86B and a high estimate of 21.42B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 21.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SYY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.27, with the price of SYY currently trading nearly 2.16% and 2.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.42, while the 7-day volatility ratio is showing 1.08% which for the 30-day chart, stands at 1.18%. Furthermore, Sysco Corp (SYY)’s beta value is 0.81, and its average true range (ATR) is 1.37.
A comparison of Sysco Corp (SYY) with its peers suggests the former has fared considerably weaker in the market. SYY showed an intraday change of 1.67% in today’s session so far, and over the past year, it grew by 1.10%%.
Data on historical trading for Sysco Corp (NYSE:SYY) indicates that the trading volumes over the past 3 months, they’ve averaged 3.34 million. According to company’s latest data on outstanding shares, there are 484.75 million shares outstanding.
Nearly 0.30% of Sysco Corp’s shares belong to company insiders and institutional investors own 88.99% of the company’s shares. The stock has fallen by -4.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SYY stock heading into the next quarter.
