J. M. Smucker (NYSE:SJM) Price Target Raised to $118.00

Key Points

• Analysts at Morgan Stanley have raised J. M. Smucker's target price to $118.00, indicating a potential upside of 6.05% from current levels.
• J. M. Smucker's stock has recently garnered an "overweight" rating with a consensus of multiple analysts, including upgrades to "strong-buy" and "outperform" ratings.
• The company's stock has experienced a price fluctuation with a 52-week low of $93.30 and a high of $125.42, currently trading around $111.27.

J. M. Smucker (NYSE:SJM - Get Free Report) had its target price raised by analysts at Morgan Stanley from $115.00 to $118.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 6.05% from the stock's current price.

Several other equities analysts also recently commented on the company. BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price for the company. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and dropped their target price for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Citigroup decreased their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Finally, Zacks Research raised J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $117.58.

J. M. Smucker Stock Performance

NYSE SJM traded up $0.51 during trading hours on Monday, hitting $111.27. The company had a trading volume of 29,498 shares, compared to its average volume of 1,551,782. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The firm has a market cap of $11.85 billion, a P/E ratio of -9.62, a price-to-earnings-growth ratio of 8.42 and a beta of 0.31. The business has a fifty day simple moving average of $104.32 and a 200-day simple moving average of $109.21. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company posted $2.66 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that J. M. Smucker will post 9.88 EPS for the current year.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its holdings in J. M. Smucker by 2.6% in the second quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company's stock worth $380,000 after purchasing an additional 97 shares during the period. Utah Retirement Systems grew its holdings in shares of J. M. Smucker by 0.6% during the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock valued at $1,888,000 after buying an additional 100 shares during the last quarter. Wallace Capital Management Inc. grew its holdings in shares of J. M. Smucker by 4.9% during the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after buying an additional 100 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Finally, Forum Financial Management LP grew its holdings in shares of J. M. Smucker by 3.9% during the first quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after buying an additional 116 shares during the last quarter. 81.66% of the stock is 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.

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