Latest news with #SYM
Business Insider
2 days ago
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Boeing (BA) and Symbotic (SYM)
Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Boeing (BA – Research Report) and Symbotic (SYM – Research Report). Confident Investing Starts Here: Boeing (BA) In a report released today, Gavin Parsons from UBS maintained a Buy rating on Boeing, with a price target of $245.00. The company's shares closed last Tuesday at $215.73. According to Parsons is a 4-star analyst with an average return of 6.6% and a 66.3% success rate. Parsons covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, StandardAero, Inc., and Northrop Grumman. Boeing has an analyst consensus of Strong Buy, with a price target consensus of $219.95, a 1.1% upside from current levels. In a report issued on June 4, Jefferies also maintained a Buy rating on the stock with a $250.00 price target. Craig-Hallum analyst Greg Palm assigned a Hold rating to Symbotic today. The company's shares closed last Tuesday at $28.23. Symbotic has an analyst consensus of Moderate Buy, with a price target consensus of $29.63.
Yahoo
3 days ago
- Business
- Yahoo
Symbotic Inc. (SYM) Stock Drops Despite Market Gains: Important Facts to Note
Symbotic Inc. (SYM) closed the latest trading day at $28.23, indicating a -6.65% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.63%. The the stock of company has risen by 16.31% in the past month, leading the Business Services sector's gain of 2.47% and the S&P 500's gain of 6.29%. The investment community will be paying close attention to the earnings performance of Symbotic Inc. in its upcoming release. In that report, analysts expect Symbotic Inc. to post earnings of $0.03 per share. This would mark year-over-year growth of 250%. Meanwhile, the latest consensus estimate predicts the revenue to be $536.41 million, indicating a 9.06% increase compared to the same quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.20 per share and revenue of $2.22 billion. These totals would mark changes of +350% and +19.47%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Symbotic Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Symbotic Inc. is holding a Zacks Rank of #5 (Strong Sell) right now. Valuation is also important, so investors should note that Symbotic Inc. has a Forward P/E ratio of 149.95 right now. This indicates a premium in contrast to its industry's Forward P/E of 19.86. Also, we should mention that SYM has a PEG ratio of 5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Technology Services was holding an average PEG ratio of 1.5 at yesterday's closing price. The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Symbotic Inc. (SYM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Daily Record
13-05-2025
- Entertainment
- Daily Record
North Lanarkshire's top young musician announced
The event brought together talented young musicians from across the area, giving them a rare opportunity to perform at a high level beyond their usual school experiences. St Bernadette's Primary School in Motherwell hosted the North Lanarkshire round of the Scottish Young Musician of the Year (SYM) competition. The event brought together talented young musicians from across the area, giving them a rare opportunity to perform at a high level beyond their usual school experiences. After an evening of impressive performances, Oliver Cairns, a sixth-year pupil and clarinettist from Our Lady's High School (OLHS) Cumbernauld, was named the 2025 North Lanarkshire SYM winner. Oliver first entered the competition in his fourth year and has continued to grow as a musician since then. He said: 'I'm thrilled to have won the North Lanarkshire Scottish Young Musician 2025. It was amazing to perform for the audience and judges, and I'm looking forward to the final at the Royal Conservatoire of Scotland. 'I'd like to thank my music teachers, Ms H. Blain and Mr S. McEwan, at Our Lady's High School, and my clarinet teacher, Mrs R. Whitener, for their support and guidance. 'I'm also grateful to North Lanarkshire Council for choosing me to represent them. Competing in the final will be an incredible experience as I go on to study clarinet and composition at the Royal Conservatoire of Scotland in September.' Oliver will now represent North Lanarkshire in the Scottish Young Musician Final 2025 at the Royal Conservatoire of Scotland in Glasgow this May, competing against winners from Scotland's 31 other local authorities and private schools. Special recognition also went to the two runners-up: Ava Dean, a fourth-year clarinettist from Brannock High School, and Patrick Dysko, a sixth-year pianist from Taylor High School. Ava, who took part in the first SYM competition as a second-year pupil, has made great progress since then. Councillor Michael McBride, Convener of Education, expressed his gratitude: 'Congratulations to Oliver, Ava and Patrick and all the other pupils who took part. Thanks also to all the music department staff and instrumental instructors for their invaluable support in preparing the pupils for this event.' Kirk Richardson, Lead Officer of the North Lanarkshire Instrumental Music Service, added: 'A huge well done to everyone who took part. The commitment and passion shown by the young musicians were outstanding, making it a truly memorable competition.' A total of 11 schools participated, including OLHS Motherwell, Dalziel High School, OLHS Cumbernauld, Taylor High School, Brannock High School, St Maurice High School, St Aidan's High School, Bellshill Academy, Chryston High School, Clyde Valley High School, and St Ambrose High School. *Don't miss the latest headlines from around Lanarkshire. Sign up to our newsletters here.
Yahoo
06-02-2025
- Business
- Yahoo
Raymond James downgrades Symbotic on execution concerns
-- Raymond James downgraded Symbotic Inc (NASDAQ:SYM) to "Market Perform" from "Outperform" on disappointing first-quarter results, weak second-quarter guidance, and concerns over the company's ability to scale system deployments efficiently. The brokerage highlighted flat backlog at $22.4 billion and a slowdown in system deployments, which came in at 44 versus its estimate of 49. It also flagged a lack of progress in reducing time-to-deployment, a key element of its bullish thesis. 'SYM's success in reducing time-to-deployment was a core tenant of our thesis, and the current pace of 24 months shows little improvement from the rate achieved two years ago,' analyst said. While Symbotic's technology and market potential remain attractive, Raymond (NSE:RYMD) James said inconsistent execution raises doubts about its ability to scale profitably. It expects fiscal 2025 to be a year of "restoration," as the company works through operational challenges, integrates a $550 million acquisition, and builds confidence in its execution. Related Articles Raymond James downgrades Symbotic on execution concerns Salesforce stock falls amid skepticism over new COFO role Sevens Report jobs preview: The 'market needs Goldilocks data' Sign in to access your portfolio
Associated Press
29-01-2025
- Business
- Associated Press
DEADLINE NEXT WEEK: Berger Montague Advises Symbotic (NASDAQ: SYM) Investors to Contact the Firm Before February 3, 2025
Berger Montague PC advises investors that a securities class action lawsuit has been filed against Symbotic, Inc. ('Symbotic' or the 'Company') (NASDAQ: SYM) on behalf of purchasers of Symbotic securities between February 8, 2024 through November 26, 2024, inclusive (the 'Class Period'). Investor Deadline: Investors who purchased or acquired SYMBOTIC securities during the Class Period may, no later than FEBRUARY 3, 2025 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected], or CLICK HERE. Headquartered in Wilmington, Mass., Symbotic is an automation technology company which produces robotics and product-movement technology. According to the lawsuit, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that Symbotic improperly accelerated revenue recognition in its 2024 financial statements and thus its internal controls over financial reporting were inadequate. Investors learned the truth on November 27, 2024, when Symbotic disclosed that it had 'identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable.' This failure of internal controls over financial reporting, according to the Company, had impacted system revenue, income (loss) before income tax, net income (loss), and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024. On this news, shares of Symbotic fell $13.41 per share, or 35%, to close at $24.00 on November 27, 2024. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 Peter Hamner
