Barclays Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its price target decreased by research analysts at Barclays from $126.00 to $123.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 5.41% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Citigroup lowered their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. DA Davidson restated a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a research note on Thursday, August 29th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.73.

J. M. Smucker Trading Up 1.1 %

Shares of NYSE:SJM opened at $116.69 on Wednesday. J. M. Smucker has a 52-week low of $105.69 and a 52-week high of $134.62. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 3.29 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock’s 50-day simple moving average is $116.30 and its two-hundred day simple moving average is $115.69.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm earned $2.59 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that J. M. Smucker will post 9.9 EPS for the current year.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. increased its holdings in shares of J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after buying an additional 310 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in J. M. Smucker by 6,703.1% during the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after acquiring an additional 157,523 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of J. M. Smucker by 62.0% in the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after purchasing an additional 9,250 shares during the last quarter. Swedbank AB boosted its holdings in shares of J. M. Smucker by 14.1% in the 2nd quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after purchasing an additional 15,792 shares during the period. Finally, FMR LLC increased its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares during the last quarter. Hedge funds and other 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.