Deutsche Bank Aktiengesellschaft Lowers J. M. Smucker (NYSE:SJM) Price Target to $97.00

J. M. Smucker (NYSE:SJM) had its price target reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $117.00 to $97.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 0.68% from the stock’s current price.

A number of other analysts have also commented on the stock. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. TD Cowen reduced their price objective on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Bank of America raised shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $119.60.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $96.34 on Monday. The business has a 50-day simple moving average of $106.01 and a 200 day simple moving average of $104.24. J. M. Smucker has a one year low of $93.30 and a one year high of $120.76. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of -8.17, a PEG ratio of 3.97 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. On average, research analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Institutional Trading of J. M. Smucker

Several institutional investors and hedge funds have recently made changes to their positions in SJM. Golden State Wealth Management LLC raised its stake in shares of J. M. Smucker by 10.2% during the 4th quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after buying an additional 92 shares during the period. Colonial Trust Advisors increased its holdings in J. M. Smucker by 7.8% in the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock worth $127,000 after acquiring an additional 94 shares in the last quarter. Harbour Investments Inc. raised its position in J. M. Smucker by 2.1% during the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after acquiring an additional 97 shares during the period. Delta Asset Management LLC TN raised its position in J. M. Smucker by 7.8% during the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after acquiring an additional 100 shares during the period. Finally, New Mexico Educational Retirement Board lifted its holdings in J. M. Smucker by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock valued at $481,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other 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.