J. M. Smucker (NYSE:SJM) Stock Rating Upgraded by BNP Paribas Exane

J. M. Smucker (NYSE:SJM - Get Free Report) was upgraded by equities research analysts at BNP Paribas Exane from an "underperform" rating to an "outperform" rating in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $120.00 price target on the stock. BNP Paribas Exane's price objective suggests a potential upside of 15.16% from the company's previous close.

A number of other brokerages also recently issued reports on SJM. DA Davidson reduced their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Barclays reduced their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and reduced their target price for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Finally, Wells Fargo & Company reduced their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $117.33.

J. M. Smucker Stock Up 0.7%

Shares of SJM traded up $0.73 on Wednesday, reaching $104.20. The company's stock had a trading volume of 2,043,680 shares, compared to its average volume of 1,300,149. 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 has a twelve month low of $93.30 and a twelve month high of $125.42. The stock has a market capitalization of $11.10 billion, a PE ratio of -9.01, a PEG ratio of 7.80 and a beta of 0.31. The firm has a fifty day moving average of $106.64 and a 200-day moving average of $108.78.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $2.66 EPS. The firm's 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 Buying and Selling

In other news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction on 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 acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its holdings in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in J. M. Smucker in the 4th quarter valued at $27,000. Minot DeBlois Advisors LLC bought a new position in J. M. Smucker in the 4th quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at $30,000. Finally, Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the 2nd quarter valued at $25,000. 81.66% of the stock is owned by institutional investors.

About J. M. Smucker

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.