Zacks Research Downgrades Jeronimo Martins SGPS (OTCMKTS:JRONY) to Strong Sell

Jeronimo Martins SGPS (OTCMKTS:JRONY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Several other brokerages have also recently weighed in on JRONY. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a “moderate buy” rating on the stock. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Finally, Jefferies Financial Group raised Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

OTCMKTS:JRONY opened at $38.59 on Wednesday. The business’s 50-day moving average is $40.68 and its 200 day moving average is $42.19. Jeronimo Martins SGPS has a 12 month low of $36.67 and a 12 month high of $52.97. The company has a market capitalization of $12.14 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.73 and a beta of 0.77. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The business had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. On average, equities research analysts forecast that Jeronimo Martins SGPS will post 2.53 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.