J M Smucker (NYSE:SJM)‘s stock had its “buy” rating restated by Jefferies Group in a research report issued on Friday. They currently have a $135.00 price target on the stock. Jefferies Group’s price target would suggest a potential upside of 8.47% from the stock’s current price.
The analysts wrote, “3Q18 operating results and implied guidance is in-line with consensus (slightly below our estimate). Sales were better than expected (in line with our BSM thesis) and EBIT was better than feared in light of the increases in freight costs that the industry is experiencing. At the segment level, Coffee was a positive stand-out, while Pet results disappointed.””
Several other research firms have also issued reports on SJM. Susquehanna Bancshares reiterated a “buy” rating and set a $151.00 price target on shares of J M Smucker in a research report on Friday, January 26th. Credit Suisse Group set a $120.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley set a $112.00 price target on shares of J M Smucker and gave the stock a “sell” rating in a research report on Friday, November 17th. Finally, Stifel Nicolaus increased their price target on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $127.58.
Shares of J M Smucker (SJM) opened at $124.46 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock has a market cap of $14,140.00, a P/E ratio of 26.15, a P/E/G ratio of 2.09 and a beta of 0.65. 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 quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.34. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. analysts forecast that J M Smucker will post 7.83 earnings per share for the current fiscal year.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction 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 transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Insiders sold 5,610 shares of company stock worth $698,093 in the last 90 days. Company insiders own 3.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of J M Smucker by 3.6% during the fourth quarter. CIBC Asset Management Inc now owns 12,783 shares of the company’s stock worth $1,588,000 after purchasing an additional 440 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of J M Smucker by 3.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,395 shares of the company’s stock worth $1,913,000 after purchasing an additional 446 shares during the period. MML Investors Services LLC lifted its holdings in shares of J M Smucker by 20.1% during the fourth quarter. MML Investors Services LLC now owns 2,734 shares of the company’s stock worth $340,000 after purchasing an additional 457 shares during the period. Financial Advantage Inc. lifted its holdings in shares of J M Smucker by 1.6% during the fourth quarter. Financial Advantage Inc. now owns 31,535 shares of the company’s stock worth $3,918,000 after purchasing an additional 484 shares during the period. Finally, Greenwich Wealth Management LLC lifted its holdings in shares of J M Smucker by 9.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 5,419 shares of the company’s stock worth $673,000 after purchasing an additional 487 shares during the period. Institutional investors own 76.10% 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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