Zacks Investment Research upgraded shares of Jerónimo Martins, SGPS (OTCMKTS:JRONY) from a hold rating to a buy rating in a report published on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $41.00 price objective on the stock.
According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “
Separately, Berenberg Bank reiterated a hold rating on shares of Jerónimo Martins, SGPS in a research note on Wednesday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Jerónimo Martins, SGPS currently has an average rating of Hold and an average price target of $41.00.
Jerónimo Martins, SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). Jerónimo Martins, SGPS had a return on equity of 15.69% and a net margin of 1.80%. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.66 billion. As a group, research analysts forecast that Jerónimo Martins, SGPS will post 1.48 EPS for the current year.
Jerónimo Martins, SGPS Company Profile
JerÃ³nimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates 3,002 food stores under the Biedronka name; and a chain of 28 pharmacies and 245 drugstores under the Hebe banner in Poland, as well as 616 food stores under the Ara name in Colombia.
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