JPMorgan Chase & Co. Issues Positive Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its price target hoisted by analysts at JPMorgan Chase & Co. from $121.00 to $122.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 10.23% from the company’s current price.

A number of other research analysts have also issued reports on SJM. UBS Group decreased their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Morgan Stanley restated an “equal weight” rating and set a $105.00 price objective (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Bank of America raised shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday. Finally, Sanford C. Bernstein lifted their price objective on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $116.36.

J. M. Smucker Price Performance

Shares of SJM stock traded up $0.30 during mid-day trading on Monday, hitting $110.68. 904,690 shares of the stock were exchanged, compared to its average volume of 1,631,961. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $121.48. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16. The company has a market cap of $11.81 billion, a PE ratio of -9.87, a price-to-earnings-growth ratio of 6.74 and a beta of 0.23. The firm has a fifty day moving average of $102.95 and a 200 day moving average of $105.32.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $2.76 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current year.

Hedge Funds Weigh In On J. M. Smucker

Several institutional investors and hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $25,000. AlphaQuest LLC acquired a new stake in J. M. Smucker during the second quarter worth $26,000. Bank of Jackson Hole Trust raised its position in J. M. Smucker by 104.5% in the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after purchasing an additional 140 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker in the second quarter valued at $27,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $28,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.