Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Dropped to “Strong Sell” by Zacks Research

Zacks Research lowered shares of Jeronimo Martins SGPS (OTCMKTS:JRONY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks reports.

A number of other analysts also recently issued reports on JRONY. Royal Bank Of Canada initiated coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group raised shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Up 2.5%

JRONY opened at $38.59 on Wednesday. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The firm’s fifty day moving average is $40.68 and its 200 day moving average is $42.19. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share (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 business had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.74 billion. On average, sell-side analysts forecast that Jeronimo Martins SGPS will post 2.53 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.