Sysco Corporation [SYY] stock Upgrade by JP Morgan analyst, price target now $98

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Cisco [NYSE: SYY] The stock went on a downward trajectory as it fell more than -1.36% on Thursday, which is a one-week price drop of less than -2.86%. Company report on September 9, 2022 Sysco to the web presentation at the 5th Annual Wells Fargo Consumer Conference.


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Sysco Corporation (NYSE: SYY) announced today that the company will broadcast its presentation online at its fifth annual Wells Fargo Consumer Conference on Wednesday, September 21, at 11:00 AM ET.

The live stream of the event can be accessed on the web at Investments.sysco.com. An archived replay of the webcast will be available shortly after the live event is complete.

Over the past 12 months, SYY stock is down -0.41%. Sysco Corporation’s one-year forecast is for a potential rise of 17.52. SYY stock currently has an average equity rating of 2.30, and is trading closer to a bullish pattern in the stock market.

The stock has a market capitalization of $39.90 billion, of which 510.59 million shares are outstanding and 502.75 million are in the current float. Compared to an average trading volume of 2.18 million shares, SYY stock reached a trading volume of 3,224,840 on the last trading day, which is why market watchers consider the stock to be active.

Educator’s opinion of Sysco [SYY]:

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for SYY shares is $93.82 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for SYY stock is a set recommendation at 2.30. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

JP Morgan made an estimate for Sysco Corporation stock, keeping their opinion of the stock as Overweight, with their previous recommendation back on May 26, 2022. While these analysts held the previous recommendation, CL King raised the target price to Neutral. The new price target note was released on March 11, 2022, which is the official target price for Sysco Corporation stock. Previously, the target price had received another increase to $95, while Argus analysts maintained a buy rating on SYY stock.

Sysco Corporation’s Average True Range (ATR) is set at 1.82, with a price-to-sales ratio for SYY stock in the last twelve months of 0.58. The price-to-book ratio for the fourth quarter was 28.55, with the price-to-cash-to-cash ratio for the same quarter set at 1.68. SYY’s free cash flow rate for the past 12 months was 199.90 with a Q4 quick ratio of 0.70.

SYY stock performance analysis:

Cisco [SYY] It fell into the red at the end of last week, fell in a negative direction and fell by -2.86. With this latest performance, SYY shares are down -9.26% over the past four-week period, and also -3.79% over the past six months — not to mention a -0.41% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for SYY stock for the last two weeks was set at 34.00, with the RSI for the last one trade reaching 30.30, and the three-week RSI set at 37.19 for Sysco Corporation [SYY]. The current moving average of the last 50 trading days for this stock is 84.10, while it recorded at 78.67 for the last trading week, and 82.23 for the last 200 days.

An insight into the fundamentals of Sysco Corporation:

Operating margin for any stock indicates how profitable the investment is, Sysco Corporation [SYY] The stock currently has an operating margin of +3.54 and a gross margin of +17.80. Sysco Corporation’s net margin is currently +1.98.

Return on equity rose to 92.59, with return on assets remaining at 6.25.

Sysco Corporation’s liquidity data is also interesting, with the quick ratio at 0.70 and the current ratio at 1.20.

SYY Stock EPS

The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for SYY. When it comes to the stated value, analysts expect Sysco Corporation’s 5-year EPS growth rate to rise to 41.40%.

Cisco [SYY] Insiders’ position details

There are currently approximately $32,858 million, or 85.50% of SYY’s stock, in the hands of institutional investors. The three largest corporate owners of SYY shares are: VANGUARD GROUP INC with ownership of 46,446,544, which is approximately 2.299% of the company’s market capitalization and about 0.20% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, owns 34,214.661 shares with an approximate value of $2.65 billion in SYY stock; and BLACKROCK INC. , currently holds $2.44 billion in SYY shares with ownership of approximately -0.454% of the company’s market capitalization.

Positions in Sysco Corporation stock held by institutional investors increased at the end of August and at the time of the August report, with 660 institutional owners consolidating their positions in Sysco Corporation [NYSE:SYY] About 184,93489 shares. In addition, 581 investors reduced their positions by 23,506,847 shares, while 274 investors took positions by 382.636.325 shares. The said changes put institutional holdings at 4,246,36,661 shares, according to the latest report from the Securities and Exchange Commission. SYY stock had 114 new institutional investments totaling 1,660,811 shares, while 77 institutional investors sold deals totaling 2,194,467 shares during the same period.

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