J. M. Smucker (NYSE:SJM) Earns Outperform Rating from Analysts at Evercore

Research analysts at Evercore began coverage on shares of J. M. Smucker (NYSE:SJM) in a research note issued on Friday. The firm set an “outperform” rating and a $117.00 price target on the stock. Evercore’s target price indicates a potential upside of 16.97% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus cut their price target on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Barclays dropped their price objective on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. BTIG Research assumed coverage on shares of J. M. Smucker in a research note on Monday, April 13th. They issued a “buy” rating and a $120.00 target price for the company. BNP Paribas Exane set a $125.00 target price on shares of J. M. Smucker in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, J. M. Smucker has an average rating of “Hold” and a consensus price target of $116.59.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $100.02 on Friday. J. M. Smucker has a one year low of $88.25 and a one year high of $119.39. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of -8.48, a PEG ratio of 4.04 and a beta of 0.25. The company has a 50-day simple moving average of $98.65 and a 200-day simple moving average of $102.11. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company posted $2.61 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts predict that J. M. Smucker will post 9.04 EPS for the current year.

Hedge Funds Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter worth approximately $29,000. MCF Advisors LLC increased its stake in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in J. M. Smucker during the second quarter worth $31,000. 81.66% of the stock is owned by institutional investors and hedge funds.

About J. M. Smucker

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.