J. M. Smucker (NYSE:SJM) Price Target Increased to $124.00 by Analysts at UBS Group

J. M. Smucker (NYSE:SJMGet Rating) had its price target raised by stock analysts at UBS Group to $124.00 in a report released on Thursday, Stock Target Advisor reports. UBS Group’s target price points to a potential downside of 2.55% from the stock’s current price.

A number of other research firms have also weighed in on SJM. Morgan Stanley dropped their price objective on J. M. Smucker from $130.00 to $117.00 and set an “underweight” rating for the company in a research note on Wednesday, March 2nd. The Goldman Sachs Group increased their price objective on J. M. Smucker from $107.00 to $111.00 in a research note on Thursday, February 17th. StockNews.com started coverage on J. M. Smucker in a research note on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on J. M. Smucker from $133.00 to $131.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $144.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average target price of $132.67.

NYSE SJM traded down $0.19 on Thursday, reaching $127.25. 992,240 shares of the company’s stock traded hands, compared to its average volume of 893,626. J. M. Smucker has a 12 month low of $118.55 and a 12 month high of $146.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.03 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $135.45 and a 200 day simple moving average of $135.21. The stock has a market cap of $13.80 billion, a PE ratio of 21.83 and a beta of 0.28.

J. M. Smucker (NYSE:SJMGet Rating) last released its quarterly earnings data on Tuesday, June 7th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.35. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. J. M. Smucker had a return on equity of 11.71% and a net margin of 7.90%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 earnings per share. As a group, analysts anticipate that J. M. Smucker will post 8.7 EPS for the current year.

A number of institutional investors have recently made changes to their positions in SJM. Natixis purchased a new position in J. M. Smucker during the third quarter valued at $394,000. HighTower Advisors LLC increased its holdings in shares of J. M. Smucker by 5.5% during the third quarter. HighTower Advisors LLC now owns 48,229 shares of the company’s stock valued at $5,786,000 after acquiring an additional 2,511 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of J. M. Smucker by 144.1% during the third quarter. Franklin Resources Inc. now owns 172,693 shares of the company’s stock valued at $20,729,000 after acquiring an additional 101,937 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of J. M. Smucker by 3.1% during the third quarter. Peapack Gladstone Financial Corp now owns 6,368 shares of the company’s stock valued at $764,000 after acquiring an additional 191 shares in the last quarter. Finally, Wealthspire Advisors LLC bought a new position in shares of J. M. Smucker during the third quarter valued at $200,000. 83.02% of the stock is owned by institutional investors and hedge funds.

About J. M. Smucker (Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking ingredient.

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