This summary was created by AI, based on 1 opinions in the last 12 months.
Sysco Corp (SYY-N) distributes food through the US, Canada and Europe. The company has invested in new supply chain inventory management systems, allowing margins to expand and strong profit growth. With a P/E ratio of 20x earnings, strong cash reserves, reducing debt, and shares being bought back, Sysco looks attractive. The dividend is backed by a payout ratio under 50% of cash flow, and the analysts’ price target is $87.91. The stock offers an upside potential of 18% with a yield of 2.4%.
(A Top Pick Oct 9/15. Down 2.01%.) At the time he wanted to be a bit more defensive. October to May is really a cyclical time where you want to take on a lot of risk in your portfolio, but he was just not liking the market action, so was being fairly defensive at the time. On this stock, the average gain between Oct 10 to Dec 31 is about 9%, but this hit resistance at about $41.50. During the period of seasonal strength, it ended up with a marginal gain of about 0.12%.
Oct 10 to Dec 31, it averaged 9.14% 21 out of 25 of the past years. Sometimes they don’t go all the way to the end of year. It could be the end of November.
(A Top Pick March 23/15. Down 5.83%.) The premise was that this was in a defensive sector. There are talks of a merger and being taken to court, so there is some negativity around the stock. Just too much going on here.
It is a consumer staples stock and already starting to show positive signs. Normally it does not have seasonal strength until April 23rd, but now is the time to get into it this year. A one to two month hold.
Consumers’ staples companies tend to be well in the summer. More of a defensive play. Has done well and is holding above its 20 day moving average. The trend is all positive and he can’t say anything negatively about it technically, it’s just that the seasonals are not backing it up.
On a seasonal basis, this has very strong seasonal strength between now and January, so we are just entering the period of seasonal strength. Looks very interesting from both a seasonal and technical point of view.
Sysco Corp is a American stock, trading under the symbol SYY-N on the New York Stock Exchange (SYY). It is usually referred to as NYSE:SYY or SYY-N
In the last year, there was no coverage of Sysco Corp published on Stockchase.
Sysco Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Sysco Corp.
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0 stock analysts on Stockchase covered Sysco Corp In the last year. It is a trending stock that is worth watching.
On 2024-04-23, Sysco Corp (SYY-N) stock closed at a price of $76.96.
SYY distributes food through the US, Canada and Europe. It has invested in new supply chain inventory management systems for its customers allowing margins to expand and strong profit growth. It trades at 20x earnings and we like that cash reserves continue growing, while debt is reduced and shares bought back. The dividend is backed by a payout ratio under 50% of cash flow. We recommend setting a stop-loss at $71, looking to achieve $92 -- upside potential of 18%. Yield 2.4%
(Analysts’ price target is $87.91)