Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Large Volume Increase – Still a Buy?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw unusually-high trading volume on Monday . 130,954 shares were traded during mid-day trading, an increase of 460% from the previous session’s volume of 23,404 shares.The stock last traded at $41.56 and had previously closed at $40.61.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JRONY shares. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating for the company. Zacks Research upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. Finally, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Jeronimo Martins SGPS Price Performance

The company has a 50 day moving average price of $40.25 and a 200 day moving average price of $43.15. The firm has a market cap of $13.01 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%.The business had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. On average, sell-side analysts expect that Jeronimo Martins SGPS SA will post 2.69 EPS for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.