The J.M. Smucker Company Given Consensus Rating of “Hold” by Brokerages (NYSE:SJM)
Shares of The J.M. Smucker Company (NYSE:SJM) have been given an average rating of “Hold” by the thirteen brokerages that are covering the company, Analyst Ratings Network.com reports. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $109.20.
The J.M. Smucker Company (NYSE:SJM) traded down 0.17% during mid-day trading on Friday, hitting $103.12. The stock had a trading volume of 75,496 shares. The J.M. Smucker Company has a one year low of $87.10 and a one year high of $112.95. The stock has a 50-day moving average of $104.2 and a 200-day moving average of $100.0. The company has a market cap of $10.502 billion and a price-to-earnings ratio of 19.07.
The J.M. Smucker Company (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts expect that The J.M. Smucker Company will post $6.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, August 13th. This is an increase from The J.M. Smucker Company’s previous quarterly dividend of $0.58.
A number of analysts have recently weighed in on SJM shares. Analysts at Zacks reiterated a “neutral” rating on shares of The J.M. Smucker Company in a research note on Friday, July 25th. They now have a $110.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of The J.M. Smucker Company in a research note on Thursday, June 19th. They now have a $111.00 price target on the stock, up previously from $108.00. Finally, analysts at Wells Fargo & Co. upgraded shares of The J.M. Smucker Company from an “underperform” rating to a “market perform” rating in a research note on Monday, June 9th.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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