The J.M. Smucker Company Given Average Recommendation of “Hold” by Analysts (NYSE:SJM)
Shares of The J.M. Smucker Company (NYSE:SJM) have been given an average recommendation of “Hold” by the thirteen analysts that are covering the company, AmericanBankingNews.com reports. Nine research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $109.20.
A number of research firms have recently commented on SJM. 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.
Shares of The J.M. Smucker Company (NYSE:SJM) opened at 103.13 on Friday. The J.M. Smucker Company has a one year low of $87.10 and a one year high of $112.95. The stock’s 50-day moving average is $104.1 and its 200-day moving average is $100.1. The company has a market cap of $10.503 billion and a price-to-earnings ratio of 18.99.
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 for the quarter, beating the analysts’ 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 last year, the company posted $1.29 earnings per share. The J.M. Smucker Company’s revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that The J.M. Smucker Company will post $6.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Wednesday, August 13th. This is a boost from The J.M. Smucker Company’s previous quarterly dividend of $0.58.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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