The J.M. Smucker (SJM) PT Raised to $155.00

The J.M. Smucker (NYSE:SJM) had its price target hoisted by Citigroup from $146.00 to $155.00 in a report published on Thursday morning. The firm currently has a buy rating on the stock.

Several other research analysts have also recently commented on SJM. Credit Suisse Group set a $120.00 target price on shares of The J.M. Smucker and gave the stock a hold rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $141.00 target price on shares of The J.M. Smucker and gave the stock a buy rating in a report on Friday, December 8th. Jefferies Group restated a buy rating and set a $135.00 target price on shares of The J.M. Smucker in a report on Friday, February 16th. Barclays restated an equal weight rating and set a $125.00 target price (up previously from $120.00) on shares of The J.M. Smucker in a report on Tuesday, February 20th. Finally, Gabelli restated a buy rating on shares of The J.M. Smucker in a report on Monday, March 5th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The J.M. Smucker has a consensus rating of Hold and a consensus price target of $131.46.

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The J.M. Smucker stock opened at $123.94 on Thursday. The company has a market capitalization of $14,079.46, a PE ratio of 16.05, a P/E/G ratio of 1.91 and a beta of 0.62. The J.M. Smucker has a twelve month low of $99.57 and a twelve month high of $134.12. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60.

The J.M. Smucker (NYSE:SJM) last released its quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. The J.M. Smucker had a net margin of 17.16% and a return on equity of 12.46%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 earnings per share. equities research analysts predict that The J.M. Smucker will post 8.24 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. lifted its stake in The J.M. Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after acquiring an additional 620 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in The J.M. Smucker in the fourth quarter valued at $173,000. IFG Advisory LLC acquired a new stake in The J.M. Smucker in the fourth quarter valued at $373,000. Ramsay Stattman Vela & Price Inc. acquired a new stake in The J.M. Smucker in the fourth quarter valued at $200,000. Finally, Baker Avenue Asset Management LP acquired a new stake in The J.M. Smucker in the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 77.59% of the company’s stock.

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About The J.M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, 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.

Analyst Recommendations for The J.M. Smucker (NYSE:SJM)

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