J M Smucker (NYSE:SJM) has been given a $110.00 price objective by Credit Suisse Group in a note issued to investors on Friday, November 17th. The brokerage currently has a “hold” rating on the stock. Credit Suisse Group’s price objective indicates a potential downside of 7.86% from the company’s previous close.
A number of other equities research analysts also recently issued reports on SJM. BidaskClub upgraded J M Smucker from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Susquehanna Bancshares set a $131.00 price objective on J M Smucker and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group reiterated a “sell” rating on shares of J M Smucker in a report on Wednesday, October 4th. Jefferies Group upgraded J M Smucker from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $140.00 in a report on Friday, July 28th. Finally, Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $125.17.
Shares of J M Smucker (NYSE:SJM) opened at $119.39 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The company has a market capitalization of $13,133.02, a PE ratio of 15.77, a P/E/G ratio of 2.14 and a beta of 0.67. J M Smucker has a 52-week low of $99.57 and a 52-week high of $143.68.
J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. analysts anticipate 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 on Monday, September 11th. The shares were acquired at an average price of $107.30 per share, with a total value of $107,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Gateway Investment Advisers LLC lifted its holdings in shares of J M Smucker by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock valued at $848,000 after purchasing an additional 26 shares during the last quarter. RiverPoint Capital Management LLC raised its stake in J M Smucker by 1.3% in the 2nd quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock worth $273,000 after acquiring an additional 30 shares during the last quarter. CIBC Asset Management Inc raised its stake in J M Smucker by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock worth $1,440,000 after acquiring an additional 31 shares during the last quarter. Paradigm Asset Management Co. LLC raised its stake in J M Smucker by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after acquiring an additional 50 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its stake in J M Smucker by 1.1% in the 2nd quarter. Great Lakes Advisors LLC now owns 4,922 shares of the company’s stock worth $582,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.
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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.
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