J.M. Smucker Stock Rating Upgraded by Northcoast Research (SJM)
J.M. Smucker (NYSE:SJM) was upgraded by investment analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of J.M. Smucker (NYSE:SJM) traded up 0.13% during mid-day trading on Thursday, hitting $107.92. 143,547 shares of the company’s stock traded hands. J.M. Smucker has a one year low of $81.60 and a one year high of $114.72. The stock has a 50-day moving average of $109.9 and a 200-day moving average of $103.4. The company has a market cap of $11.345 billion and a price-to-earnings ratio of 20.74.
J.M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 21st. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.04. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $1.17 earnings per share. J.M. Smucker’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that J.M. Smucker will post $5.83 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SJM. Analysts at JPMorgan Chase & Co. raised their price target on shares of J.M. Smucker (NYSE:SJM) from $112.00 to $115.00 in a research note to investors on Monday, August 26th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of J.M. Smucker (NYSE:SJM) in a research note to investors on Friday, August 23rd. They now have a $113.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of J.M. Smucker (NYSE:SJM) from $98.00 to $101.00 in a research note to investors on Wednesday, August 21st. They now have a “hold” rating on the stock.
One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. J.M. Smucker currently has an average rating of “Hold” and a consensus target price of $109.50.
In other J.M. Smucker news, VP Andrew G. Platt unloaded 1,000 shares of J.M. Smucker stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $108.66, for a total transaction of $108,660.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products on a worldwide basis.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.