Equities research analysts at Morgan Stanley initiated coverage on shares of J. M. Smucker (NYSE:SJM - Get Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $123.00 price target on the stock. Morgan Stanley's price target would suggest a potential upside of 6.03% from the company's previous close.
SJM has been the topic of a number of other reports. DA Davidson dropped their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays reduced their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $125.67.
Check Out Our Latest Analysis on SJM
J. M. Smucker Stock Performance
NYSE:SJM traded up $1.53 during midday trading on Monday, reaching $116.01. 355,678 shares of the company traded hands, compared to its average volume of 1,125,569. J. M. Smucker has a twelve month low of $98.77 and a twelve month high of $127.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a fifty day moving average price of $107.65 and a 200 day moving average price of $112.25. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.
J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, analysts expect that J. M. Smucker will post 9.88 EPS for the current fiscal year.
Insider Transactions at J. M. Smucker
In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company's stock.
Institutional Trading of J. M. Smucker
Institutional investors and hedge funds have recently modified their holdings of the company. Capital Advisors Ltd. LLC increased its holdings in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in J. M. Smucker in the fourth quarter valued at about $27,000. Kentucky Trust Co acquired a new position in J. M. Smucker in the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC bought a new position in J. M. Smucker during the fourth quarter worth about $28,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in J. M. Smucker during the fourth quarter valued at approximately $29,000. 81.66% of the stock is currently owned by institutional investors.
J. M. Smucker Company Profile
(
Get Free Report)
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.
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