J. M. Smucker (NYSE:SJM) Rating Increased to Strong-Buy at BTIG Research

J. M. Smucker (NYSE:SJM) was upgraded by research analysts at BTIG Research to a “strong-buy” rating in a report released on Monday, MarketBeat Ratings reports.

A number of other equities analysts have also recently issued reports on SJM. Wells Fargo & Company cut their price target on J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut their price target on J. M. Smucker from $117.00 to $97.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Barclays cut their price target on J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Finally, TD Cowen reduced their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.94.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $92.18 on Monday. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of -7.82, a PEG ratio of 3.89 and a beta of 0.27. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $119.39. The stock’s 50 day moving average price is $103.94 and its two-hundred day moving average price is $103.28. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.61 EPS. On average, equities analysts predict that J. M. Smucker will post 9.88 earnings per share for the current year.

Hedge Funds Weigh In On J. M. Smucker

Large investors have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new position in shares of J. M. Smucker in the 4th quarter worth $25,000. CYBER HORNET ETFs LLC bought a new position in shares of J. M. Smucker in the 2nd quarter worth $27,000. Root Financial Partners LLC bought a new position in shares of J. M. Smucker in the 3rd quarter worth $29,000. MCF Advisors LLC lifted its holdings in shares of J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of J. M. Smucker in the 2nd quarter worth $31,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.