RBC Capital Reiterates “Positive” Rating for The J.M. Smucker Company (SJM)
A number of other analysts have also recently weighed in on SJM. Analysts at Deutsche Bank reiterated a “hold” rating on shares of The J.M. Smucker Company in a research note on Monday. They now have a $102.00 price target on the stock, up previously from $98.00. Separately, analysts at Goldman Sachs upgraded shares of The J.M. Smucker Company from a “sell” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $102.00 price target on the stock, up previously from $91.00. Finally, analysts at Morgan Stanley initiated coverage on shares of The J.M. Smucker Company in a research note on Thursday, April 3rd. They set an “equal weight” rating and a $101.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The J.M. Smucker Company presently has an average rating of “Hold” and an average target price of $108.82.
Shares of The J.M. Smucker Company (NYSE:SJM) traded up 0.19% on Tuesday, hitting $102.66. The stock had a trading volume of 336,489 shares. The J.M. Smucker Company has a one year low of $87.10 and a one year high of $114.72. The stock has a 50-day moving average of $98.28 and a 200-day moving average of $98.95. The company has a market cap of $10.645 billion and a price-to-earnings ratio of 18.78.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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.