J.M. Smucker Co. (SJM) Earns “Focus List” Rating from JPMorgan Chase & Co.
J.M. Smucker Co. (NYSE:SJM)‘s stock had its “focus list” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday.
SJM has been the subject of several other reports. Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. Credit Suisse Group AG reissued a “buy” rating and issued a $158.00 target price on shares of J.M. Smucker in a report on Wednesday, August 24th. Hilliard Lyons raised shares of J.M. Smucker from an “underperform” rating to a “neutral” rating in a report on Thursday, September 22nd. Zacks Investment Research lowered shares of J.M. Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Jefferies Group lowered shares of J.M. Smucker from a “buy” rating to a “hold” rating and increased their target price for the stock from $140.00 to $143.00 in a report on Friday, June 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $146.80.
Shares of J.M. Smucker (NYSE:SJM) traded down 0.64% during midday trading on Tuesday, hitting $134.52. 190,327 shares of the stock were exchanged. The firm’s 50-day moving average is $140.92 and its 200 day moving average is $139.15. J.M. Smucker has a 52-week low of $111.01 and a 52-week high of $157.31. The firm has a market cap of $15.66 billion, a PE ratio of 22.12 and a beta of 0.53.
J.M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.12. The company earned $1.82 billion during the quarter. J.M. Smucker had a net margin of 9.41% and a return on equity of 11.76%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 earnings per share. On average, analysts forecast that J.M. Smucker will post $7.68 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC increased its stake in shares of J.M. Smucker by 1.8% in the second quarter. Evercore Wealth Management LLC now owns 4,369 shares of the company’s stock worth $666,000 after buying an additional 78 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of J.M. Smucker by 127.0% in the second quarter. Macquarie Group Ltd. now owns 31,029 shares of the company’s stock worth $4,729,000 after buying an additional 17,360 shares in the last quarter. Williams Jones & Associates LLC increased its stake in shares of J.M. Smucker by 93.8% in the second quarter. Williams Jones & Associates LLC now owns 2,955 shares of the company’s stock worth $450,000 after buying an additional 1,430 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of J.M. Smucker during the second quarter worth about $736,000. Finally, Kentucky Retirement Systems bought a new stake in shares of J.M. Smucker during the second quarter worth about $1,551,000. Institutional investors own 75.66% of the company’s stock.
J.M. Smucker Company Profile
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.
Receive News & Stock Ratings for J.M. Smucker Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Co. and related stocks with our FREE daily email newsletter.