J. M. Smucker (NYSE:SJM) Price Target Lowered to $120.00 at JPMorgan Chase & Co.

J. M. Smucker (NYSE:SJM) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $130.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 15.27% from the company’s current price.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a research report on Thursday, April 9th. Evercore began coverage on J. M. Smucker in a research note on Friday. They issued an “outperform” rating and a $117.00 price target for the company. Stifel Nicolaus reduced their target price on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein lowered their price target on shares of J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $116.47.

J. M. Smucker Price Performance

NYSE SJM traded up $0.46 during trading on Tuesday, hitting $104.10. 86,384 shares of the company’s stock were exchanged, compared to its average volume of 2,016,274. The stock’s 50 day moving average price is $98.21 and its two-hundred day moving average price is $102.07. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The company has a market cap of $11.10 billion, a PE ratio of -8.84, a P/E/G ratio of 4.04 and a beta of 0.25.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG grew its holdings in J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after purchasing an additional 2,765,559 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of J. M. Smucker by 15.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock valued at $378,102,000 after purchasing an additional 528,418 shares during the period. Invesco Ltd. boosted its position in shares of J. M. Smucker by 5.8% during the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after purchasing an additional 151,872 shares in the last quarter. Morgan Stanley boosted its position in shares of J. M. Smucker by 16.8% during the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after purchasing an additional 357,253 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after buying an additional 188,868 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

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.