Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Rating Upgraded by Zacks Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

JRONY has been the subject of a number of other research reports. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Jeronimo Martins SGPS Stock Up 0.6%

Shares of Jeronimo Martins SGPS stock opened at $42.04 on Tuesday. Jeronimo Martins SGPS has a 12-month low of $36.67 and a 12-month high of $52.97. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $39.45 and a two-hundred day moving average price of $43.96. The stock has a market capitalization of $13.23 billion, a P/E ratio of 17.89, a PEG ratio of 1.67 and a beta of 0.79.

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

Jeronimo Martins SGPS Company Profile

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.