Jeronimo Martins SGPS (OTCMKTS:JRONY) Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Jeronimo Martins SGPS from “strong sell” to “hold,” while the broader analyst consensus remains “Buy.”
• The company reported quarterly EPS of $0.72, beating estimates of $0.60, although revenue of $10.67 billion came in slightly below the $10.74 billion forecast.
• Jeronimo Martins shares opened at $42.04, with a $13.23 billion market capitalization and a 12-month trading range of $36.67 to $52.97.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Tuesday, Zacks reports.

Several other research firms have also issued reports on JRONY. 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 reaffirmed an "overweight" rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Citigroup reiterated a "buy" rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Finally, Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They issued a "moderate buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Jeronimo Martins SGPS currently has a consensus rating of "Buy".

Jeronimo Martins SGPS Price Performance

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

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last issued its 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. The business had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. As a group, equities analysts expect that Jeronimo Martins SGPS will post 2.69 EPS 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.

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