In yesterday’s Wall Street session, Sysco Corp (NYSE:SYY) shares traded at $81.77, up 1.74% from the previous session.
SYY stock price is now 7.56% away from the 50-day moving average and 7.72% away from the 200-day moving average. The market capitalization of the company currently stands at $40.17B.
With the price target maintained at $85, Guggenheim recently Upgraded its rating from Neutral to Buy for Sysco Corp (NYSE: SYY). , while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, McFadden Eve M, SVP, GC & Corp Sec sold 6,499 shares of the company’s stock on Dec 04 ’24. The stock was sold for $519,920 at an average price of $80.00. Upon completion of the transaction, the SVP, GC & Corp Sec now directly owns 48,451 shares in the company, valued at $3.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, EVP Bertrand Greg D sold 21,844 shares of the business’s stock. A total of $1,747,520 was realized by selling the stock at an average price of $80.00. This leaves the insider owning 60,581 shares of the company worth $4.95 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Sysco Corp has had a low of $69.03 and a high of $82.89. As of last week, the company has a debt-to-equity ratio of 6.08, a current ratio of 1.26, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $52873560064, which is based on a 21.02 price-to-earnings ratio, a 2.81 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for SYY is $75.9196 and a two-hundred day moving average price translates $75.9026 for the stock.
The latest earnings results from Sysco Corp (NYSE: SYY) was released for 2024-09-28. The net profit margin was 2.44% and return on equity was 89.64% for SYY. The company reported revenue of $20.48 billion for the quarter, compared to $19.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.4 percent.
