The J.M. Smucker (SJM) Price Target Raised to $130.00

The J.M. Smucker (NYSE:SJM) had its price objective increased by Stephens from $125.00 to $130.00 in a research report released on Friday morning. The brokerage currently has an equal weight rating on the stock.

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

How to Become a New Pot Stock Millionaire

Shares of SJM traded down $0.06 on Friday, hitting $123.94. 1,460,151 shares of the stock traded hands, compared to its average volume of 1,083,378. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 1.48. The company has a market capitalization of $14,086.29, a price-to-earnings ratio of 16.05, a PEG ratio of 1.91 and a beta of 0.62. 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 announced its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.34. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. The J.M. Smucker had a net margin of 17.16% and a return on equity of 12.46%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. equities analysts expect that The J.M. Smucker will post 8.25 EPS for the current fiscal year.

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

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3338503/the-j-m-smucker-sjm-price-target-raised-to-130-00.html.

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)

Receive News & Ratings for The J.M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The J.M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Chicago Bridge & Iron  Shares Gap Down  on Analyst Downgrade
Chicago Bridge & Iron Shares Gap Down on Analyst Downgrade
Tyler Technologies  Reaches New 12-Month High and Low on Analyst Upgrade
Tyler Technologies Reaches New 12-Month High and Low on Analyst Upgrade
H&R REIT  PT Raised to C$24.50
H&R REIT PT Raised to C$24.50
Tamarack-Valley-Energy  Price Target Increased to C$4.00 by Analysts at Raymond James
Tamarack-Valley-Energy Price Target Increased to C$4.00 by Analysts at Raymond James
Assicurazioni Generali  Given a €15.90 Price Target at Citigroup
Assicurazioni Generali Given a €15.90 Price Target at Citigroup
PrairieSky Royalty  Stock Rating Lowered by TD Securities
PrairieSky Royalty Stock Rating Lowered by TD Securities


© 2006-2018 Ticker Report. Google+.