J. M. Smucker (NYSE:SJM) Price Target Cut to $118.00 by Analysts at Bank of America

Key Points

• Bank of America has reduced its price target for J. M. Smucker from $120.00 to $118.00 while maintaining a "neutral" rating on the stock.
• J. M. Smucker reported a quarterly earnings miss with earnings per share of $1.90, below the expected $1.95, despite revenue exceeding forecasts.
• The stock currently has an average rating of "Moderate Buy" from analysts, with variations in price targets from different firms ranging from $110.00 to $130.00.

J. M. Smucker (NYSE:SJM - Get Free Report) had its price objective cut by research analysts at Bank of America from $120.00 to $118.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Bank of America's price target indicates a potential upside of 12.48% from the company's current price.

SJM has been the topic of a number of other research reports. Morgan Stanley increased their price target on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Stifel Nicolaus raised their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada started coverage on shares of J. M. Smucker in a report on Monday, July 7th. They set an "outperform" rating and a $130.00 target price on the stock. Citigroup decreased their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $118.85.

J. M. Smucker Stock Down 0.7%

SJM traded down $0.77 during trading on Thursday, reaching $104.90. 756,876 shares of the stock traded hands, compared to its average volume of 1,628,220. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The stock's 50-day simple moving average is $106.51 and its two-hundred day simple moving average is $109.51. 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 stock has a market cap of $11.17 billion, a price-to-earnings ratio of -9.08, a price-to-earnings-growth ratio of 8.23 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 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 .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts expect that J. M. Smucker will post 9.88 EPS for the current year.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.24% of the company's stock.

Institutional Trading of J. M. Smucker

Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in J. M. Smucker in the 2nd quarter worth approximately $112,829,000. Engineers Gate Manager LP bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at about $109,896,000. Balyasny Asset Management L.P. raised its position in shares of J. M. Smucker by 45.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company's stock valued at $221,140,000 after purchasing an additional 703,382 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of J. M. Smucker by 4,906.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company's stock valued at $60,286,000 after purchasing an additional 601,647 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in J. M. Smucker in the 1st quarter worth $64,125,000. 81.66% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.