In Thursday’s Wall Street session, Sysco Corp (NYSE:SYY) shares traded at $71.22, up 0.75% from the previous session.
SYY stock price is now -4.66% away from the 50-day moving average and -4.91% away from the 200-day moving average. The market capitalization of the company currently stands at $34.84B.
With the price target of $85, Melius recently initiated with Hold rating for Sysco Corp (NYSE: SYY). On May 28, 2024, Guggenheim Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $85, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Russell Neil, Former Officer bought 50 shares of the company’s stock on Feb 13 ’25. The stock was bought for $3,591 at an average price of $71.81. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31 ’25, Former Officer Russell Neil bought 8,508 shares of the business’s stock. A total of $624,658 was incurred on buying the stock at an average price of $73.42. A total of 0.27% 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 $82.33. As of last week, the company has a debt-to-equity ratio of 6.80, a current ratio of 1.20, and a quick ratio of 0.68.
The net profit margin was 2.40% and return on equity was 87.49% for SYY. The company reported revenue of $20.15 billion for the quarter, compared to $19.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.47 percent.
