Sysco Corporation (NYSE: SYY) has reported earnings for its fourth fiscal quarter (ending June 30) of $1.23 versus $1.45 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.90 versus $3.49 for the same period a year ago.
Recent Price Action
On 7/30/24, Sysco Corporation (NYSE: SYY) stock enjoyed a large increase of 4.3%, closing at $76.44. Moreover, trading volume in this advance was unusually high at 188% of normal. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SYY is expected to continue to be a major Value Builder.
Sysco has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Sysco has a neutral Power Rating of 51 and a neutral Appreciation Score of 55, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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