Stifel Nicolaus Forecasts Strong Price Appreciation for J. M. Smucker (NYSE:SJM) Stock

J. M. Smucker (NYSE:SJM) had its price target increased by equities researchers at Stifel Nicolaus from $106.00 to $110.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 0.77% from the stock’s previous close.

A number of other research firms have also recently issued reports on SJM. BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and reduced their price target for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Wednesday, July 9th. Bank of America cut their price objective on shares of J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They issued an “outperform” rating and a $130.00 target price for the company. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Moderate Buy” and an average target price of $117.67.

J. M. Smucker Price Performance

Shares of SJM opened at $109.16 on Tuesday. The business’s 50-day moving average is $104.77 and its 200-day moving average is $108.58. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of -9.44, a P/E/G ratio of 8.52 and a beta of 0.31. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. Equities research analysts expect that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director owned 3,825 shares in the company, valued at $367,544.25. This trade represents a 37.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.24% of the stock is owned by company insiders.

Institutional Trading of J. M. Smucker

Hedge funds have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC boosted its position in shares of J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new position in J. M. Smucker during the 2nd quarter valued at $25,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in J. M. Smucker in the 4th quarter valued at $27,000. Minot DeBlois Advisors LLC acquired a new stake in J. M. Smucker in the 4th quarter worth $28,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of J. M. Smucker during the 4th quarter worth about $29,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; 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 mixes and ingredients.