Sysco Corporation (NYSE:SYY) shares traded lower over the last trading session, losing -0.74% on 04/07/21. The shares fell to a low of $80.469 before closing at $80.65. Intraday shares traded counted 1.46 million, which was 40.22% higher than its 30-day average trading volume of 2.45M. SYY’s previous close was $81.25 while the outstanding shares total 510.01M. The firm has a beta of 1.42. The stock’s Relative Strength Index (RSI) is 53.97, with weekly volatility at 2.09% and ATR at 2.14. The SYY stock’s 52-week price range has touched low of $44.10 and a $83.97 high.
Investors have identified the Food Distribution company Sysco Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $41.56 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sysco Corporation (SYY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SYY, the company has in raw cash 5.77 billion on their books with 1.37 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 11.99 billion total, with 6.72 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 3.21 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SYY sounds very interesting.
Is the stock of SYY attractive?
In related news, Director, Talton Sheila sold 1,582 shares of the company’s stock in a transaction that recorded on Mar 02. The sale was performed at an average price of 81.06, for a total value of 128,237. As the sale deal closes, the EVP, Bertrand Greg D now sold 36,403 shares of the company’s stock, valued at 2,801,939. Also, Director, Frank Joshua D. sold 250,000 shares of the company’s stock in a deal that was recorded on Dec 03. The shares were price at an average price of 73.32 per share, with a total market value of 18,329,531. Following this completion of acquisition, the Director, PELTZ NELSON now holds 250,000 shares of the company’s stock, valued at 18,329,531. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
5 out of 12 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Sysco Corporation. 1 analysts has assigned a Sell rating on the SYY stock. The 12-month mean consensus price target for the company’s shares has been set at $82.00.