Jeronimo Martins SGPS (OTCMKTS:JRONY) Shares Gap Up – Should You Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) gapped up before the market opened on Wednesday . The stock had previously closed at $37.64, but opened at $39.19. Jeronimo Martins SGPS shares last traded at $39.1250, with a volume of 1,692 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on JRONY shares. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, June 15th. Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Down 1.9%

The company has a market cap of $12.01 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.51 and a beta of 0.82. The stock’s 50-day moving average is $40.15 and its 200-day moving average is $45.57. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Jeronimo Martins SGPS had a return on equity of 20.28% and a net margin of 1.75%.The company had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. On average, analysts anticipate that Jeronimo Martins SGPS SA will post 2.69 earnings per share for the current fiscal year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.