The J.M. Smucker Company (SJM) Given Average Recommendation of “Hold” by Analysts

The J.M. Smucker Company (NYSE:SJM) has been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $131.00.

Several equities analysts recently commented on SJM shares. Jefferies Group reissued a “buy” rating and issued a $135.00 price objective on shares of The J.M. Smucker in a research note on Thursday, March 22nd. Gabelli reissued a “buy” rating on shares of The J.M. Smucker in a research note on Monday, March 5th. Zacks Investment Research raised shares of The J.M. Smucker from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Tuesday, February 20th. Susquehanna Bancshares set a $148.00 price objective on shares of The J.M. Smucker and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Citigroup increased their price objective on shares of The J.M. Smucker from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, April 5th.

Shares of The J.M. Smucker stock traded down $0.94 on Thursday, reaching $122.67. 339,283 shares of the stock were exchanged, compared to its average volume of 1,094,696. The J.M. Smucker has a one year low of $99.57 and a one year high of $134.12. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60. The company has a market cap of $14,130.59, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.62.



The J.M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. The J.M. Smucker had a net margin of 17.16% and a return on equity of 12.46%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. research analysts forecast that The J.M. Smucker will post 8.24 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management raised its stake in shares of The J.M. Smucker by 44.8% during the fourth quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock valued at $258,554,000 after acquiring an additional 643,817 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of The J.M. Smucker by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock valued at $181,908,000 after acquiring an additional 27,182 shares during the last quarter. Ariel Investments LLC raised its stake in shares of The J.M. Smucker by 18.8% during the fourth quarter. Ariel Investments LLC now owns 1,611,582 shares of the company’s stock valued at $200,223,000 after acquiring an additional 254,864 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of The J.M. Smucker by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,508,493 shares of the company’s stock valued at $187,100,000 after acquiring an additional 51,463 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of The J.M. Smucker by 68.2% during the third quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock valued at $111,964,000 after acquiring an additional 432,461 shares during the last quarter. 77.59% of the stock is owned by hedge funds and other institutional investors.

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About The J.M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

Analyst Recommendations for The J.M. Smucker (NYSE:SJM)

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