J. M. Smucker (NYSE:SJM) Raised to Outperform at BNP Paribas Exane

J. M. Smucker (NYSE:SJM - Get Free Report) was upgraded by BNP Paribas Exane from an "underperform" rating to an "outperform" rating in a report released on Wednesday, MarketBeat reports. The brokerage presently has a $120.00 target price on the stock. BNP Paribas Exane's price target suggests a potential upside of 14.56% from the stock's previous close.

Several other equities analysts have also commented on SJM. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a report on Wednesday, June 11th. Wells Fargo & Company decreased their price objective on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Bank of America decreased their price objective on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Finally, DA Davidson decreased their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $117.33.

J. M. Smucker Price Performance

SJM stock traded up $0.09 during mid-day trading on Wednesday, reaching $104.75. The company's stock had a trading volume of 1,874,668 shares, compared to its average volume of 1,313,326. The stock has a market cap of $11.16 billion, a PE ratio of -9.06, a P/E/G ratio of 7.89 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 has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company's 50 day moving average is $106.02 and its two-hundred day moving average is $108.66.

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, beating the consensus estimate of $2.25 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. J. M. Smucker's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.66 EPS. Equities research analysts expect that J. M. Smucker will post 9.88 EPS for the current year.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.24% of the company's stock.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Utah Retirement Systems raised its holdings in shares of J. M. Smucker by 0.6% in the 4th quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock valued at $1,888,000 after purchasing an additional 100 shares in the last quarter. Wallace Capital Management Inc. lifted its position in J. M. Smucker by 4.9% in the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after acquiring an additional 100 shares during the last quarter. Tortoise Investment Management LLC lifted its position in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Forum Financial Management LP lifted its position in J. M. Smucker by 3.9% in the first quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after acquiring an additional 116 shares during the last quarter. Finally, Mendel Money Management lifted its position in J. M. Smucker by 3.1% in the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock valued at $433,000 after acquiring an additional 117 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.