The J.M. Smucker Company (NYSE:SJM) has been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $130.17.
Several brokerages recently issued reports on SJM. Zacks Investment Research lowered shares of The J.M. Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase reissued a “sell” rating and set a $132.00 price objective (up from $121.00) on shares of The J.M. Smucker in a report on Tuesday, February 20th. Credit Suisse Group lowered shares of The J.M. Smucker from a “neutral” rating to a “sell” rating and set a $110.00 price objective on the stock. in a report on Monday. Gabelli reissued a “buy” rating on shares of The J.M. Smucker in a report on Monday, March 5th. Finally, Jefferies Group reissued a “buy” rating and set a $135.00 price objective on shares of The J.M. Smucker in a report on Thursday, March 22nd.
SJM stock traded down $0.82 during trading on Thursday, hitting $120.13. 325,777 shares of the company’s stock traded hands, compared to its average volume of 1,084,974. The firm has a market cap of $13,955.65, a price-to-earnings ratio of 15.58, a PEG ratio of 1.89 and a beta of 0.62. 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 has a 1 year low of $99.57 and a 1 year high of $134.12.
The J.M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. The J.M. Smucker had a net margin of 17.16% and a return on equity of 12.46%. The J.M. Smucker’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $2.00 earnings per share. analysts anticipate that The J.M. Smucker will post 8.24 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Dimensional Fund Advisors LP grew its holdings in The J.M. Smucker by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock worth $181,908,000 after purchasing an additional 27,182 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of The J.M. Smucker by 8.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,668 shares of the company’s stock valued at $1,749,000 after buying an additional 1,340 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of The J.M. Smucker by 6.2% during the third quarter. Allianz Asset Management GmbH now owns 139,088 shares of the company’s stock valued at $14,595,000 after buying an additional 8,060 shares during the last quarter. AMP Capital Investors Ltd grew its holdings in shares of The J.M. Smucker by 19.6% during the third quarter. AMP Capital Investors Ltd now owns 74,030 shares of the company’s stock valued at $7,767,000 after buying an additional 12,155 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in shares of The J.M. Smucker during the third quarter valued at $808,000. 77.56% of the stock is currently owned by institutional investors and hedge funds.
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The J.M. Smucker Company Profile
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.
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