J. M. Smucker (NYSE:SJM) Price Target Cut to $97.00 by Analysts at Deutsche Bank Aktiengesellschaft

J. M. Smucker (NYSE:SJM) had its target price lowered by research analysts at Deutsche Bank Aktiengesellschaft from $117.00 to $97.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 2.31% from the stock’s previous close.

A number of other research analysts have also recently weighed in on SJM. Sanford C. Bernstein upgraded shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $121.00 to $145.00 in a report on Wednesday, March 11th. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Wall Street Zen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Finally, Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Monday, February 23rd. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $119.60.

J. M. Smucker Trading Down 0.5%

SJM traded down $0.43 during mid-day trading on Monday, hitting $94.81. 523,642 shares of the stock were exchanged, compared to its average volume of 2,074,067. The firm’s fifty day moving average is $106.28 and its two-hundred day moving average is $104.43. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $120.76. The company has a market cap of $10.11 billion, a PE ratio of -8.04, a PEG ratio of 3.97 and a beta of 0.22. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.11. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.J. M. Smucker’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 EPS. Equities analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. UBS Group AG boosted its holdings in shares of J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares in the last quarter. Two Sigma Investments LP raised its stake in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after acquiring an additional 1,505,991 shares in the last quarter. National Bank of Canada FI lifted its position in J. M. Smucker by 797.4% in the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after acquiring an additional 1,245,035 shares during the last quarter. Norges Bank purchased a new stake in J. M. Smucker in the second quarter valued at $112,829,000. Finally, Engineers Gate Manager LP acquired a new position in J. M. Smucker in the second quarter valued at $109,896,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.