J. M. Smucker (NYSE:SJM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

J. M. Smucker (NYSE:SJMGet Free Report) had its price target hoisted by stock analysts at Wells Fargo & Company from $120.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 18.27% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Stifel Nicolaus decreased their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Finally, UBS Group decreased their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $117.43.

Read Our Latest Report on J. M. Smucker

J. M. Smucker Trading Down 1.6%

NYSE SJM traded down $1.85 on Friday, reaching $114.15. 406,151 shares of the company were exchanged, compared to its average volume of 1,812,002. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The business’s fifty day moving average price is $103.75 and its 200 day moving average price is $105.39. The stock has a market capitalization of $12.18 billion, a P/E ratio of -10.18, a price-to-earnings-growth ratio of 6.52 and a beta of 0.23. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $121.48.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 EPS. Analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current year.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG boosted its holdings in J. M. Smucker by 238.7% during the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the period. Dimensional Fund Advisors LP increased its stake in J. M. Smucker by 33.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after purchasing an additional 850,943 shares during the period. Invesco Ltd. lifted its position in shares of J. M. Smucker by 7.5% during the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after purchasing an additional 195,774 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of J. M. Smucker by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after purchasing an additional 49,017 shares during the period. Finally, Morgan Stanley boosted its stake in shares of J. M. Smucker by 16.8% in the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock valued at $243,214,000 after purchasing an additional 357,253 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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J. M. Smucker Company Profile

(Get Free Report)

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.

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Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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