The J. M. Smucker Company (NYSE:SJM) Receives $127.25 Average Target Price from Analysts

The J. M. Smucker Company (NYSE:SJM) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $127.25.

Several research analysts recently issued reports on the stock. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Citigroup cut their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays decreased their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. DA Davidson reiterated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, TD Cowen reduced their price objective on 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.

J. M. Smucker Price Performance

SJM stock opened at $119.93 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.22 and a beta of 0.24. The company’s fifty day simple moving average is $119.09 and its 200 day simple moving average is $115.56. J. M. Smucker has a 12-month low of $105.69 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 EPS. On average, analysts expect that J. M. Smucker will post 9.82 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in J. M. Smucker in the first quarter worth $23,990,000. Assenagon Asset Management S.A. grew its position in J. M. Smucker by 6,703.1% during the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after buying an additional 157,523 shares during the period. Cetera Investment Advisers increased its holdings in J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after buying an additional 9,250 shares during the last quarter. Swedbank AB raised its position in J. M. Smucker by 14.1% in the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after acquiring an additional 15,792 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in J. M. Smucker by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock valued at $7,151,000 after acquiring an additional 11,622 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

About J. M. Smucker

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.