Jeronimo Martins SGPS (OTCMKTS:JRONY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Jeronimo Martins SGPS (OTCMKTS:JRONY) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks reports.

A number of other equities analysts also recently commented on the stock. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating on the stock. Finally, Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Jeronimo Martins SGPS currently has a consensus rating of “Buy”.

Jeronimo Martins SGPS Stock Performance

Shares of Jeronimo Martins SGPS stock opened at $42.04 on Tuesday. The business has a 50-day simple moving average of $39.45 and a 200-day simple moving average of $43.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. Jeronimo Martins SGPS has a one year low of $36.67 and a one year high of $52.97. The company has a market cap of $13.23 billion, a PE ratio of 17.89, a P/E/G ratio of 1.67 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.12. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. On average, equities research analysts forecast that Jeronimo Martins SGPS will post 2.69 EPS for the current fiscal year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.