J.M. Smucker Co. (SJM) Given New $135.00 Price Target at Jefferies Group
J.M. Smucker Co. (NYSE:SJM) had its target price lowered by investment analysts at Jefferies Group from $143.00 to $135.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 2.14% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. restated a “focus list” rating on shares of J.M. Smucker in a research note on Tuesday, October 4th. Credit Suisse Group AG cut J.M. Smucker from an “outperform” rating to a “neutral” rating and cut their target price for the company from $158.00 to $145.00 in a research note on Tuesday, September 27th. Hilliard Lyons upgraded J.M. Smucker from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 22nd. Susquehanna reiterated a “hold” rating and set a $139.00 price objective on shares of J.M. Smucker in a research note on Tuesday, September 6th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of J.M. Smucker in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. J.M. Smucker currently has an average rating of “Hold” and a consensus target price of $146.00.
J.M. Smucker (NYSE:SJM) traded down 0.02% during trading on Wednesday, reaching $132.15. The company had a trading volume of 80,064 shares. J.M. Smucker has a 52-week low of $111.01 and a 52-week high of $157.31. The company has a market capitalization of $15.38 billion, a PE ratio of 21.73 and a beta of 0.53. The company has a 50 day moving average price of $137.41 and a 200 day moving average price of $139.28.
J.M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.12. The firm had revenue of $1.82 billion for the quarter. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. On average, equities analysts forecast that J.M. Smucker will post $7.68 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of SJM. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of J.M. Smucker during the first quarter worth approximately $1,169,000. Canada Pension Plan Investment Board raised its position in shares of J.M. Smucker by 249.4% in the first quarter. Canada Pension Plan Investment Board now owns 131,842 shares of the company’s stock worth $17,118,000 after buying an additional 94,106 shares in the last quarter. Credit Agricole S A raised its position in shares of J.M. Smucker by 0.3% in the first quarter. Credit Agricole S A now owns 319,771 shares of the company’s stock worth $41,520,000 after buying an additional 933 shares in the last quarter. AMF Pensionsforsakring AB raised its position in shares of J.M. Smucker by 7.0% in the first quarter. AMF Pensionsforsakring AB now owns 296,709 shares of the company’s stock worth $38,525,000 after buying an additional 19,399 shares in the last quarter. Finally, Aviva PLC raised its position in shares of J.M. Smucker by 11.3% in the first quarter. Aviva PLC now owns 59,437 shares of the company’s stock worth $7,717,000 after buying an additional 6,031 shares in the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
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.