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

Key Points

• Analysts rate Jeronimo Martins SGPS “Moderate Buy” overall: Four analysts recommend buying, one rates it a strong buy, and one gives it a sell rating. Recent actions included upgrades from Kepler Capital Markets and Jefferies, while Zacks Research downgraded the stock to “strong sell.”
• The stock opened at $39.91, below its 50-day moving average of $40.55 and 200-day moving average of $41.90. It has traded between $36.67 and $52.97 over the past year, with a market capitalization of approximately $12.56 billion.
• Quarterly earnings exceeded expectations: Jeronimo Martins reported EPS of $0.72 versus the $0.60 consensus estimate, although revenue of $10.67 billion fell slightly short of analysts’ $10.74 billion forecast.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have weighed in on JRONY shares. Barclays restated an "overweight" rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. 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. Zacks Research lowered shares of Jeronimo Martins SGPS from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 7th. Jefferies Financial Group raised Jeronimo Martins SGPS from a "hold" rating to a "buy" rating in a research report on Monday, September 21st. Finally, Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a "moderate buy" rating for the company.

Jeronimo Martins SGPS Price Performance

OTCMKTS:JRONY opened at $39.91 on Friday. The business's 50-day moving average is $40.55 and its 200 day moving average is $41.90. Jeronimo Martins SGPS has a 12 month low of $36.67 and a 12 month high of $52.97. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $12.56 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.79 and a beta of 0.77.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Jeronimo Martins SGPS will post 2.53 earnings per share for the current fiscal year.

About Jeronimo Martins SGPS

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.