Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sysco Corp before investing.

In this article, we go over a few key elements for understanding Sysco Corp’s stock price such as:

• Sysco Corp’s current stock price and volume
• Why Sysco Corp’s stock price changed recently
• Upgrades and downgrades for SYY from analysts
• SYY’s stock price momentum as measured by its relative strength

About Sysco Corp (SYY)

Before we jump into Sysco Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Sysco Corporation is engaged in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. It also supplies a variety of non-food items. Its segments include U.S. Foodservice Operations, International Foodservice Operations, SYGMA and Other. U.S. Foodservice Operations segment includes United States Broadline operations and United States Specialty operations. International Foodservice Operations include operations outside of the United States. SYGMA segment includes its United States customized distribution operations serving quick-service chain restaurant customer locations. Other segment includes primarily its hotel supply operations, Guest Worldwide. It distributes various products, such as frozen foods, fresh meats and seafood, dairy products, beverage products, imported specialties, and fresh produce. It operates around 340 distribution facilities worldwide.

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Sysco Corp’s Stock Price as of Market Close

As of September 18, 2024, 4:00 PM, CST, Sysco Corp’s stock price was $74.54.

Sysco Corp is down 4.17% from its previous closing price of $77.78.

During the last market session, Sysco Corp’s stock traded between $76.67 and $78.29. Currently, there are 495.87 million shares of Sysco Corp stock available for purchase.

Sysco Corp’s price-earnings (P/E) ratio is currently at 20.0, which is low compared to the Food Retail & Distribution industry median of 20.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Sysco Corp Stock Price History

Sysco Corp’s (SYY) price is currently down 4.4% so far this month.

During the month of September, Sysco Corp’s stock price has reached a high of $79.65 and a low of $74.33.

Over the last year, Sysco Corp has hit prices as high as $82.89 and as low as $62.24. Year to date, Sysco Corp’s stock is down 2.5%.

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What Caused Sysco Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 17, 2024, there were 0 analysts who downgraded Sysco Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Sysco Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sysco Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sysco Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sysco Corp (SYY) by visiting AAII Stock Evaluator.

Relative Price Strength of Sysco Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 17, 2024, Sysco Corp has a weighted four-quarter relative price strength of -1.75%, which translates to a Momentum Score of 54 and is considered to be Average.

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Sysco Corp Stock Price: Bottom Line

As of September 18, 2024, Sysco Corp’s stock price is $74.54, which is down 4.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sysco Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.