Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Jeronimo Martins shares crossed above their 50-day moving average, trading as high as $40.09 and last changing hands at $40.03, compared with a 50-day average of $39.35.
• Analyst sentiment is broadly positive but mixed: the stock has an overall “Moderate Buy” rating, including upgrades from Kepler Capital Markets and favorable ratings from RBC, Citigroup, and Barclays, alongside a Zacks “Strong Sell” downgrade.
• The company reported quarterly EPS of $0.72, beating estimates of $0.60, while revenue of $10.67 billion came in slightly below the $10.74 billion consensus forecast.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $39.35 and traded as high as $40.09. Jeronimo Martins SGPS shares last traded at $40.03, with a volume of 12,933 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 8th. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a "moderate buy" rating on the stock. Citigroup reiterated a "buy" rating on shares of Jeronimo Martins SGPS in a research report on Monday. Zacks Research downgraded shares of Jeronimo Martins SGPS from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Finally, Barclays restated an "overweight" rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Jeronimo Martins SGPS Stock Performance

The business has a fifty day simple moving average of $39.35 and a 200-day simple moving average of $44.85. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 0.14. The firm has a market cap of $12.60 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.62 and a beta of 0.80.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.60 by $0.12. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%.The business had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.74 billion. On average, sell-side analysts predict that Jeronimo Martins SGPS SA will post 2.69 EPS for the current fiscal year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.

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