Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Stock Rated “Moderate Buy” by Wall Street Analysts

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities analysts recently weighed in on JRONY shares. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. Jefferies Financial Group raised Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Barclays restated an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Finally, Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 7th.

Jeronimo Martins SGPS Trading Down 1.2%

Shares of OTCMKTS JRONY opened at $41.19 on Friday. The company’s 50 day simple moving average is $40.62 and its 200 day simple moving average is $41.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35. The firm has a market capitalization of $12.96 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.91 and a beta of 0.77. 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 results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The company had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. On average, analysts predict that Jeronimo Martins SGPS will post 2.53 EPS for the current year.

Jeronimo Martins SGPS Company Profile

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.