J M Smucker (NYSE:SJM)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a note issued to investors on Friday. They currently have a $125.00 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 22.32% from the company’s current price.
The analysts wrote, “We are updating our model to reflect 2Q results. Recall 2Q results missed expectations and the FY19 guidance was lowered (from an already lowered base). Although we have lower conviction in our positive thesis, we are maintaining our Buy rating as we believe the depressed valuation discounts most of our concerns and that some of the issues driving the negative earnings revisions are transitory.””
Several other analysts have also issued reports on the company. Credit Suisse Group set a $95.00 price objective on J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Barclays restated a “hold” rating and issued a $103.00 price objective on shares of J M Smucker in a research note on Sunday, December 2nd. Wolfe Research lowered J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. Zacks Investment Research reiterated a “sell” rating on shares of J M Smucker in a research note on Monday, December 31st. Finally, ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $119.50.
NYSE:SJM traded up $0.71 on Friday, hitting $102.19. The company’s stock had a trading volume of 717,082 shares, compared to its average volume of 1,120,310. The company has a quick ratio of 0.57, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 2.09 and a beta of 0.50. J M Smucker has a one year low of $91.32 and a one year high of $133.38.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.12). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.05 billion. J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. J M Smucker’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 EPS. Equities research analysts expect that J M Smucker will post 8.03 EPS for the current year.
In related news, Chairman Richard K. Smucker acquired 20,000 shares of the stock in a transaction on Friday, November 30th. The shares were purchased at an average price of $103.09 per share, for a total transaction of $2,061,800.00. Following the purchase, the chairman now directly owns 681,387 shares in the company, valued at $70,244,185.83. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David J. Lemmon sold 1,017 shares of the firm’s stock in a transaction on Monday, December 31st. The stock was sold at an average price of $92.99, for a total value of $94,570.83. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 32,000 shares of company stock worth $3,234,860. Corporate insiders own 3.92% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of J M Smucker in the 3rd quarter valued at $103,000. Moody Aldrich Partners LLC acquired a new stake in shares of J M Smucker in the 2nd quarter valued at $115,111,000. Truvestments Capital LLC acquired a new stake in shares of J M Smucker in the 3rd quarter valued at $154,000. CWM LLC boosted its holdings in shares of J M Smucker by 347.5% in the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of J M Smucker in the 2nd quarter valued at $202,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.
About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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