J. M. Smucker (NYSE:SJM) Now Covered by Royal Bank Of Canada

Research analysts at Royal Bank Of Canada began coverage on shares of J. M. Smucker (NYSE:SJM - Get Free Report) in a report released on Monday, MarketBeat reports. The brokerage set an "outperform" rating and a $130.00 price target on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 25.52% from the stock's previous close.

Other equities analysts have also issued research reports about the company. UBS Group decreased their price target on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Stifel Nicolaus decreased their price target on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating for the company in a research report on Wednesday, June 11th. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price target for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Wells Fargo & Company decreased their price target on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. Finally, Citigroup decreased their price target on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of "Hold" and an average price target of $117.09.

J. M. Smucker Price Performance

SJM stock traded down $0.51 during trading hours on Monday, hitting $103.57. 2,071,045 shares of the stock traded hands, compared to its average volume of 1,296,805. The stock has a 50-day simple moving average of $107.09 and a 200 day simple moving average of $108.87. J. M. Smucker has a one year low of $93.30 and a one year high of $125.42. The company has a market cap of $11.03 billion, a P/E ratio of -8.96, a P/E/G ratio of 7.84 and a beta of 0.31. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the business posted $2.66 earnings per share. The company's quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current year.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the acquisition, the director owned 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.24% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC bought a new position in J. M. Smucker during the first quarter worth $203,000. Farther Finance Advisors LLC increased its position in J. M. Smucker by 113.5% during the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after acquiring an additional 1,554 shares during the period. Sandy Spring Bank increased its position in J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after acquiring an additional 396 shares during the period. Schonfeld Strategic Advisors LLC increased its position in J. M. Smucker by 124.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock worth $1,471,000 after acquiring an additional 7,414 shares during the period. Finally, Sterling Capital Management LLC increased its position in J. M. Smucker by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,117 shares of the company's stock worth $674,000 after acquiring an additional 2,182 shares during the period. Institutional investors and hedge funds 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.