Morgan Stanley Analysts Give J.M. Smucker Company (The) (SJM) a $112.00 Price Target

J.M. Smucker Company (The) (NYSE:SJM) has been given a $112.00 price objective by research analysts at Morgan Stanley in a research note issued on Friday. The firm currently has a “sell” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 1.92% from the stock’s previous close.

Several other analysts have also weighed in on SJM. Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and increased their price target for the company from $130.00 to $140.00 in a report on Friday, July 28th. BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Susquehanna Bancshares Inc set a $131.00 target price on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co lowered J.M. Smucker Company (The) from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $135.00 to $116.00 in a research note on Thursday, August 24th. Finally, Credit Suisse Group set a $110.00 target price on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. J.M. Smucker Company (The) currently has an average rating of “Hold” and an average price target of $125.17.

Shares of J.M. Smucker Company (NYSE:SJM) opened at $114.19 on Friday. J.M. Smucker Company has a twelve month low of $99.57 and a twelve month high of $143.68. The firm has a market capitalization of $12,970.27, a price-to-earnings ratio of 15.58, a P/E/G ratio of 2.22 and a beta of 0.62. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 0.61.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J.M. Smucker Company (The) had a return on equity of 11.98% and a net margin of 7.72%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. J.M. Smucker Company (The)’s quarterly revenue was up .5% compared to the same quarter last year. equities analysts forecast that J.M. Smucker Company will post 7.79 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/11/17/j-m-smucker-company-the-sjm-price-target-raised-to-112-00.html.

In other news, insider Richard K. Smucker purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the completion of the purchase, the insider now owns 652,168 shares in the company, valued at approximately $68,738,507.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary A. Oatey purchased 1,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average price of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Sun Life Financial INC increased its stake in shares of J.M. Smucker Company (The) by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after buying an additional 841 shares during the period. Paradigm Asset Management Co. LLC increased its stake in shares of J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after buying an additional 50 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of J.M. Smucker Company (The) during the third quarter valued at $201,000. Well Done LLC bought a new stake in J.M. Smucker Company (The) during the third quarter valued at about $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new stake in J.M. Smucker Company (The) during the third quarter valued at about $202,000. Hedge funds and other institutional investors own 73.29% of the company’s stock.

About J.M. Smucker Company (The)

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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

Receive News & Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply