TD Cowen Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its price target cut by analysts at TD Cowen from $111.00 to $105.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 4.48% from the company’s previous close.

SJM has been the topic of several other research reports. UBS Group dropped their target price on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Sanford C. Bernstein upped their price objective on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Stifel Nicolaus dropped their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.64.

J. M. Smucker Trading Up 2.7%

J. M. Smucker stock opened at $100.50 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. J. M. Smucker has a one year low of $93.30 and a one year high of $121.48. The stock has a market capitalization of $10.72 billion, a PE ratio of -8.96, a price-to-earnings-growth ratio of 6.65 and a beta of 0.23. The business’s fifty day moving average is $101.74 and its 200 day moving average is $105.17.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.J. M. Smucker’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts predict that J. M. Smucker will post 9.88 EPS for the current year.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in shares of J. M. Smucker in the second quarter worth approximately $25,000. AlphaQuest LLC purchased a new position in shares of J. M. Smucker during the 2nd quarter valued at $26,000. Bank of Jackson Hole Trust boosted its holdings in J. M. Smucker by 104.5% in the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker in the 2nd quarter worth $27,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in J. M. Smucker during the second quarter valued at about $28,000. Institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.