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J.M. Smucker (NYSE:SJM) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $110.00 price objective on the stock, down from their previous price objective of $114.00. Deutsche Bank’s target price points to a potential upside of 12.05% from the stock’s previous close.

J.M. Smucker (NYSE:SJM) traded down 3.30% during mid-day trading on Wednesday, hitting $98.17. The stock had a trading volume of 1,424,205 shares. J.M. Smucker has a one year low of $87.97 and a one year high of $114.72. The stock’s 50-day moving average is $103.1 and its 200-day moving average is $106.7. The company has a market cap of $10.321 billion and a price-to-earnings ratio of 19.19.

J.M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, November 20th. The company reported $1.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.60 by $0.08. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that J.M. Smucker will post $5.79 earnings per share for the current fiscal year.

SJM has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. downgraded shares of J.M. Smucker from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, December 5th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of J.M. Smucker in a research note to investors on Thursday, November 21st. They now have a $107.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of J.M. Smucker from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $110.00 price target on the stock, down previously from $123.00. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. J.M. Smucker has a consensus rating of “Hold” and a consensus target price of $112.80.

The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products on a worldwide basis.

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