The J.M. Smucker (SJM) PT Set at $120.00 by Credit Suisse Group

The J.M. Smucker (NYSE:SJM) has been assigned a $120.00 price target by investment analysts at Credit Suisse Group in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s price target suggests a potential downside of 3.18% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Jefferies Group restated a “buy” rating and issued a $135.00 price target on shares of The J.M. Smucker in a research report on Friday, February 16th. Deutsche Bank boosted their price target on The J.M. Smucker from $130.00 to $134.00 and gave the company a “hold” rating in a research report on Tuesday, February 20th. Susquehanna Bancshares set a $141.00 price target on The J.M. Smucker and gave the company a “buy” rating in a research report on Friday, December 8th. Barclays restated an “equal weight” rating and issued a $125.00 price target (up previously from $120.00) on shares of The J.M. Smucker in a research report on Tuesday, February 20th. Finally, JPMorgan Chase reaffirmed a “sell” rating and issued a $132.00 price objective (up previously from $121.00) on shares of The J.M. Smucker in a report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The J.M. Smucker presently has an average rating of “Hold” and an average target price of $131.46.

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Shares of NYSE SJM opened at $123.94 on Thursday. The stock has a market cap of $14,052.21, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.91 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The J.M. Smucker has a 1 year low of $99.57 and a 1 year high of $134.12.

The J.M. Smucker (NYSE:SJM) last posted its earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.34. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. The J.M. Smucker had a return on equity of 12.46% and a net margin of 17.16%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 earnings per share. equities research analysts expect that The J.M. Smucker will post 8.25 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc boosted its stake in shares of The J.M. Smucker by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 12,783 shares of the company’s stock worth $1,588,000 after acquiring an additional 440 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of The J.M. Smucker by 3.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,395 shares of the company’s stock worth $1,913,000 after acquiring an additional 446 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of The J.M. Smucker by 20.1% during the 4th quarter. MML Investors Services LLC now owns 2,734 shares of the company’s stock worth $340,000 after acquiring an additional 457 shares in the last quarter. Financial Advantage Inc. boosted its stake in shares of The J.M. Smucker by 1.6% during the 4th quarter. Financial Advantage Inc. now owns 31,535 shares of the company’s stock worth $3,918,000 after acquiring an additional 484 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in shares of The J.M. Smucker by 9.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 5,419 shares of the company’s stock worth $673,000 after acquiring an additional 487 shares in the last quarter. 77.59% of the stock is currently owned by institutional investors.

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About The J.M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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

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