J M Smucker (NYSE:SJM) received a $148.00 target price from Susquehanna Bancshares in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Susquehanna Bancshares’ target price points to a potential upside of 24.24% from the stock’s previous close.
A number of other research firms have also weighed in on SJM. Wells Fargo & Co set a $128.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research note on Thursday, January 4th. Morgan Stanley set a $112.00 target price on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, November 17th. Jefferies Group set a $135.00 target price on shares of J M Smucker and gave the stock a “buy” rating in a research note on Saturday, November 18th. Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $127.58.
Shares of J M Smucker (NYSE SJM) traded down $0.40 on Monday, hitting $119.12. 152,888 shares of the stock traded hands, compared to its average volume of 1,106,656. The firm has a market capitalization of $13,580.00, a PE ratio of 24.09, a PEG ratio of 2.03 and a beta of 0.65. J M Smucker has a 1-year low of $99.57 and a 1-year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders sold 5,610 shares of company stock worth $698,093 over the last quarter. 3.50% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its stake in J M Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after purchasing an additional 620 shares during the last quarter. Independence Bank of Kentucky purchased a new position in J M Smucker in the fourth quarter valued at approximately $173,000. Ramsay Stattman Vela & Price Inc. purchased a new position in J M Smucker in the fourth quarter valued at approximately $200,000. Flagship Harbor Advisors LLC purchased a new position in shares of J M Smucker during the third quarter worth approximately $201,000. Finally, Well Done LLC purchased a new position in shares of J M Smucker during the third quarter worth approximately $201,000. Institutional investors own 76.10% of the company’s stock.
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.
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