Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Up – Still a Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $37.64, but opened at $39.19. Jeronimo Martins SGPS shares last traded at $39.1250, with a volume of 1,692 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada initiated coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

The company has a market capitalization of $12.27 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82. The company has a fifty day moving average price of $40.32 and a 200 day moving average price of $45.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). Jeronimo Martins SGPS had a return on equity of 20.28% and a net margin of 1.75%.The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.40 billion. On average, sell-side analysts forecast that Jeronimo Martins SGPS SA will post 2.74 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

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.