J.M. Smucker Company (The) (SJM) Earns Coverage Optimism Rating of 0.12
Press coverage about J.M. Smucker Company (The) (NYSE:SJM) has been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. J.M. Smucker Company (The) earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.409783853202 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Why More Disappointments Could Be in the Cards for J.M. Smucker (finance.yahoo.com)
- J.M. Smucker: If Mr. Smucker Buys Shares, They Have To Be Good (seekingalpha.com)
- Sugar toppings market worth 6.93 billion USD by 2021 (whatech.com)
- BRIEF-J M Smucker files for potential mixed shelf (reuters.com)
- $1.88 Earnings Per Share Expected for J.M. Smucker Company (The) (SJM) This Quarter (americanbankingnews.com)
SJM has been the subject of a number of research reports. Susquehanna Bancshares Inc set a $141.00 price objective on J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, June 7th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $135.00 price objective (down previously from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Credit Suisse Group reiterated a “neutral” rating and issued a $120.00 price objective (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Monday, July 3rd. They noted that the move was a valuation call. Hilliard Lyons upgraded J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price objective for the company in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $131.00 price objective (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $126.73.
J.M. Smucker Company (NYSE:SJM) opened at 105.02 on Thursday. J.M. Smucker Company has a one year low of $103.50 and a one year high of $143.68. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 22.06 and a beta of 0.62. The company’s 50-day moving average price is $108.89 and its 200-day moving average price is $120.90.
J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 EPS. On average, analysts anticipate that J.M. Smucker Company will post $7.74 EPS for the current year.
In other news, insider Richard K. Smucker acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the purchase, the insider now owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary A. Oatey acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.
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About J.M. Smucker Company (The)
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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