Jeronimo Martins SGPS (OTCMKTS:JRONY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Jeronimo Martins SGPS (OTCMKTS:JRONY) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

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

Jeronimo Martins SGPS Price Performance

Jeronimo Martins SGPS stock opened at $37.67 on Wednesday. Jeronimo Martins SGPS has a one year low of $36.67 and a one year high of $53.25. The business has a fifty day moving average price of $41.60 and a 200-day moving average price of $46.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.62 and a quick ratio of 0.37. The firm has a market capitalization of $11.85 billion, a P/E ratio of 15.96, a PEG ratio of 1.31 and a beta of 0.82.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. As a group, equities research analysts forecast that Jeronimo Martins SGPS 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.