J M Smucker (NYSE:SJM) has been assigned a $141.00 target price by stock analysts at Susquehanna Bancshares in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential upside of 18.88% from the company’s previous close.

Several other equities research analysts have also recently weighed in on SJM. BidaskClub upgraded J M Smucker from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. J P Morgan Chase & Co cut J M Smucker from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $135.00 to $116.00 in a research note on Thursday, August 24th. Credit Suisse Group set a $110.00 price objective on J M Smucker and gave the stock a “hold” rating in a research note on Friday, August 25th. Morgan Stanley restated a “sell” rating and set a $108.00 price objective (down from $114.00) on shares of J M Smucker in a research note on Friday, August 25th. Finally, Citigroup decreased their price objective on J M Smucker from $155.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $126.00.

Shares of J M Smucker (NYSE SJM) traded up $0.14 during mid-day trading on Friday, hitting $118.61. The company’s stock had a trading volume of 706,400 shares, compared to its average volume of 1,117,025. J M Smucker has a twelve month low of $99.57 and a twelve month high of $143.68. The stock has a market cap of $13,410.00, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.

J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the business earned $2.05 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. analysts forecast that J M Smucker will post 7.79 EPS for the current fiscal year.

In related news, Director Gary A. Oatey bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $107.30 per share, with a total value of $107,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. RiverPoint Capital Management LLC grew its holdings in J M Smucker by 1.3% in the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock valued at $273,000 after purchasing an additional 30 shares during the period. CIBC Asset Management Inc grew its holdings in J M Smucker by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock valued at $1,440,000 after purchasing an additional 31 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in J M Smucker by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after purchasing an additional 50 shares during the period. Great Lakes Advisors LLC grew its holdings in J M Smucker by 1.1% in the second quarter. Great Lakes Advisors LLC now owns 4,922 shares of the company’s stock valued at $582,000 after purchasing an additional 52 shares during the period. Finally, Roberts Glore & Co. Inc. IL grew its holdings in J M Smucker by 2.7% in the second quarter. Roberts Glore & Co. Inc. IL now owns 2,508 shares of the company’s stock valued at $297,000 after purchasing an additional 65 shares during the period. 75.46% of the stock is currently owned by hedge funds and other institutional investors.

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About J M Smucker

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.

Analyst Recommendations for J M Smucker (NYSE:SJM)

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