Stock To Watch: Sysco Corporation (NYSE:SYY)


The leading market experts have placed a mean price target of $50.60 on Sysco Corporation (NYSE:SYY) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.59 a share for the upcoming quarter and $2.03 for the current fiscal. Technical View The technical analysis of Sysco Corporation Common Stock plainly substantiates that the 50-day moving average of Sysco Corporation Common Stock is $50.89, and stock is hovering 0.87 or +1.71% distant from $50.89. It is noted that the 200-day MA is $47.10, and Sysco Corporation Common Stock stock is $4.66 or +9.90% off from this point. Sysco Corporation (NYSE:SYY) 52-week high is $52.31 and the 52-week low is $35.73. This explains if the stock moves $-0.55, it will post a 52-week high. In event of $+44.86% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Sysco Corporation Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Sysco Corporation (NYSE:SYY) ratio came in at 37.67. The stock last ended the trading session at $51.76 and registered a market cap of $29.17B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Sysco Corporation (NYSE:SYY) PEG ratio is at 2.38.

1 Chart Pattern Every Investor Should Know

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