Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Rating Upgraded by Zacks Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

JRONY has been the subject of a number of other reports. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Finally, Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They issued a “moderate buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Jeronimo Martins SGPS Trading Up 0.6%

JRONY stock opened at $42.04 on Tuesday. The business has a fifty day moving average price of $39.45 and a 200 day moving average price of $43.96. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.12. The firm had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. Analysts expect that Jeronimo Martins SGPS will post 2.69 EPS for the current fiscal 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.