Can Sysco Corp. (NYSE: SYY) Be A Safe Investment Now?

Sysco Corp. (NYSE:SYY) shares, rose in value on Thursday, April 04, with the stock price down by -2.84% to the previous day’s close as strong demand from buyers drove the stock to $77.68.

Actively observing the price movement in the recent trading, the stock is buoying the session at $79.95. The value of beta (5-year monthly) is 1.15 whereas the PE ratio is 18.95 over 12-month period. Referring to stock’s 52-week performance, its high was $82.89, and the low was $62.24. On the whole, SYY has fluctuated by -2.39% over the past month.

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With the market capitalization of Sysco Corp. currently standing at about $38.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.99, with its dividend yield at 2.56%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.95, which is expected to increase to $1.47 for fiscal year $4.32 and then to about $4.75 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.70% in 2025, while the next year’s EPS growth is forecast to be 10.00%.

Analysts have estimated the company’s revenue for the quarter at $19.74 billion, with a low estimate of $19.57 billion and a high estimate of $20.01 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $79.47 billion, representing an increase of 4.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SYY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.55, with the price of SYY currently trading nearly -3.71% and -2.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.86, while the 7-day volatility ratio is showing 1.19% which for the 30-day chart, stands at 1.18%. Furthermore, Sysco Corp. (SYY)’s beta value is 1.15, and its average true range (ATR) is 1.12.

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 -2.84% in today’s session so far, and over the past year, it shrunk by -0.61%%.

Data on historical trading for Sysco Corp. (NYSE:SYY) indicates that the trading volumes over the past 10 days have averaged 2.29 million and over the past 3 months, they’ve averaged 2.98 million. According to company’s latest data on outstanding shares, there are 505.11 million shares outstanding.

Nearly 0.21% of Sysco Corp.’s shares belong to company insiders and institutional investors own 85.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.6 million shares as on Mar 15, 2024, resulting in a short ratio of 2.37. According to the data, the short interest in Sysco Corp. (SYY) stood at 1.33% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.27 million. The stock has risen by 6.22% 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.