J.M. Smucker Co. (SJM) Given New $135.00 Price Target at Jefferies Group
J.M. Smucker Co. (NYSE:SJM) had its price objective decreased by stock analysts at Jefferies Group from $143.00 to $135.00 in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 2.14% from the company’s current price.
Several other equities analysts have also recently weighed in on SJM. Susquehanna reissued a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. Credit Suisse Group AG reissued a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Hilliard Lyons cut J.M. Smucker from a “neutral” rating to an “underperform” rating in a report on Thursday, June 23rd. JPMorgan Chase & Co. increased their price target on J.M. Smucker from $122.00 to $128.00 and gave the company a “sell” rating in a report on Monday, June 20th. Finally, Deutsche Bank AG set a $165.00 price target on J.M. Smucker and gave the company a “buy” rating in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $146.00.
Shares of J.M. Smucker (NYSE:SJM) traded down 0.02% during mid-day trading on Wednesday, hitting $132.15. The company had a trading volume of 80,064 shares. J.M. Smucker has a one year low of $111.01 and a one year high of $157.31. The company has a market capitalization of $15.38 billion, a PE ratio of 21.73 and a beta of 0.53. The company’s 50-day moving average is $137.41 and its 200 day moving average is $139.28.
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J.M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.74 by $0.12. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The business had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the business posted $1.32 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that J.M. Smucker will post $7.68 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of SJM. Carroll Financial Associates Inc. raised its position in shares of J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock worth $103,000 after buying an additional 95 shares during the last quarter. City Holding Co. purchased a new position in shares of J.M. Smucker during the second quarter worth $110,000. PineBridge Investments L.P. purchased a new position in shares of J.M. Smucker during the second quarter worth $134,000. Point72 Asia Hong Kong Ltd raised its position in shares of J.M. Smucker by 400.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,000 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of J.M. Smucker during the second quarter worth $202,000. Institutional investors and hedge funds own 75.66% of the company’s stock.
J.M. Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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