Jeronimo Martins SGPS (OTCMKTS:JRONY) Hits New 52-Week Low on Analyst Downgrade

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) shares hit a new 52-week low during mid-day trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $37.0112 and last traded at $37.02, with a volume of 768 shares trading hands. The stock had previously closed at $38.45.

Several other research analysts have also recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research note on Monday. They issued a “moderate buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Jeronimo Martins SGPS has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Up 2.2%

The business’s fifty day moving average price is $41.60 and its 200 day moving average price is $46.25. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.31 and a beta of 0.82. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. On average, equities analysts expect that Jeronimo Martins SGPS SA will post 2.78 EPS for the current year.

Jeronimo Martins SGPS Company Profile

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.