Barclays Forecasts Strong Price Appreciation for J. M. Smucker (NYSE:SJM) Stock

J. M. Smucker (NYSE:SJM) had its price objective increased by research analysts at Barclays from $121.00 to $126.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 6.78% from the stock’s previous close.

Several other analysts also recently commented on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. TD Cowen reduced their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America dropped their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Citigroup decreased their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $128.00.

J. M. Smucker Trading Down 1.7 %

Shares of SJM opened at $118.00 on Friday. J. M. Smucker has a 52-week low of $105.69 and a 52-week high of $134.62. The business’s fifty day moving average is $116.38 and its 200-day moving average is $115.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.25 and a current ratio of 0.58. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.29 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.27. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. Equities analysts anticipate that J. M. Smucker will post 9.85 EPS for the current fiscal year.

Institutional Trading of J. M. Smucker

Several hedge funds have recently added to or reduced their stakes in the business. Probity Advisors Inc. increased its position in shares of J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the period. Anchor Investment Management LLC grew its holdings in J. M. Smucker by 0.5% in the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after purchasing an additional 99 shares during the period. State of Michigan Retirement System lifted its stake in shares of J. M. Smucker by 0.3% in the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after buying an additional 100 shares in the last quarter. Romano Brothers AND Company lifted its stake in shares of J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of J. M. Smucker by 11.0% in the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after buying an additional 102 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.