Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Given Consensus Recommendation of “Buy” by Brokerages

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently commented on the stock. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada initiated coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating for the company. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Jefferies Financial Group raised Jeronimo Martins SGPS to a “buy” rating in a research note on Monday. Finally, Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd.

Jeronimo Martins SGPS Trading Up 3.1%

OTCMKTS JRONY traded up $1.24 on Monday, hitting $41.85. 145,787 shares of the stock were exchanged, compared to its average volume of 24,169. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. Jeronimo Martins SGPS has a 52-week low of $36.67 and a 52-week high of $52.97. The firm has a market capitalization of $13.17 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.62 and a beta of 0.79. The stock has a fifty day moving average price of $40.25 and a two-hundred day moving average price of $43.15.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.12. The business had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. Research analysts forecast that Jeronimo Martins SGPS will post 2.69 EPS for the current fiscal year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.