Stocks of Sysco Corp. (NYSE:SYY) traded higher last session on Wall Street, up 0.19% to $72.87.
SYY stock price is now -5.83% away from the 50-day moving average and -0.94% away from the 200-day moving average. The market capitalization of the company currently stands at $36.29B.
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On October 19, 2023, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $75, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Jasper James Chris, SVP sold 4,000 shares of the company’s stock on Mar 14 ’24. The stock was sold for $321,640 at an average price of $80.41. Upon completion of the transaction, the SVP now directly owns 18,531 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, SVP, Corp. Affairs and CAO Russell Neil sold 1,722 shares of the business’s stock. A total of $137,760 was realized by selling the stock at an average price of $80.00. This leaves the insider owning 24,082 shares of the company worth $1.75 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Sysco Corp. has had a low of $62.24 and a high of $82.89. As of last week, the company has a debt-to-equity ratio of 6.24, a current ratio of 1.34, and a quick ratio of 0.77. According to the stock market information, the enterprise value for the company is $48842641408, which is based on a 17.76 price-to-earnings ratio, a 2.14 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for SYY is $77.2284 and a two-hundred day moving average price translates $73.56255 for the stock.
The latest earnings results from Sysco Corp. (NYSE: SYY) was released for 2024-03-30. The net profit margin was 2.66% and return on equity was 113.00% for SYY. The company reported revenue of $19.38 billion for the quarter, compared to $18.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.67 percent.
