Susquehanna Bancshares Reiterates $141.00 Price Target for J M Smucker (SJM)

Susquehanna Bancshares set a $141.00 target price on J M Smucker (NYSE:SJM) in a research report report published on Friday morning. The firm currently has a buy rating on the stock.

SJM has been the subject of a number of other reports. Morgan Stanley set a $106.00 price objective on shares of J M Smucker and gave the company a sell rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of J M Smucker from a sell rating to a hold rating in a research report on Thursday, September 14th. Credit Suisse Group set a $110.00 price objective on shares of J M Smucker and gave the company a hold rating in a research report on Friday, November 17th. BidaskClub lowered shares of J M Smucker from a sell rating to a strong sell rating in a research report on Saturday, August 26th. Finally, Citigroup lowered their target price on shares of J M Smucker from $155.00 to $133.00 and set a buy rating on the stock in a research note on Friday, August 25th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. J M Smucker has an average rating of Hold and an average target price of $126.00.

J M Smucker (NYSE:SJM) opened at $117.26 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The firm has a market cap of $13,330.00, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. J M Smucker has a 1 year low of $99.57 and a 1 year high of $143.68.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business earned $2.05 earnings per share. J M Smucker’s revenue was up .5% compared to the same quarter last year. sell-side analysts expect that J M Smucker will post 7.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, November 9th. J M Smucker’s dividend payout ratio is currently 63.16%.

Several hedge funds have recently bought and sold shares of SJM. Schroder Investment Management Group raised its stake in shares of J M Smucker by 7,253.2% during the second quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock worth $137,699,000 after acquiring an additional 1,150,873 shares in the last quarter. BlackRock Inc. raised its stake in shares of J M Smucker by 7.6% during the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after acquiring an additional 578,984 shares in the last quarter. Koch Industries Inc. bought a new position in shares of J M Smucker in the second quarter worth approximately $495,000. Renaissance Technologies LLC bought a new position in shares of J M Smucker in the second quarter worth approximately $54,456,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of J M Smucker by 251.1% in the second quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock worth $76,033,000 after purchasing an additional 459,528 shares during the last quarter. 75.46% of the stock is currently owned by hedge funds and other institutional investors.

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J M Smucker Company Profile

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 (NYSE:SJM)

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