Barclays Forecasts Strong Price Appreciation for J. M. Smucker (NYSE:SJM) Stock

J. M. Smucker (NYSE:SJM) had its price objective lifted by stock analysts at Barclays from $105.00 to $125.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 9.78% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Morgan Stanley restated an “equal weight” rating and issued a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Finally, Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $119.43.

J. M. Smucker Stock Down 1.8%

SJM stock traded down $2.09 during mid-day trading on Monday, hitting $113.86. 314,651 shares of the company were exchanged, compared to its average volume of 2,070,049. The firm has a fifty day simple moving average of $104.10 and a 200 day simple moving average of $105.33. The company has a market capitalization of $12.15 billion, a PE ratio of -9.67, a price-to-earnings-growth ratio of 7.06 and a beta of 0.22. J. M. Smucker has a twelve month low of $93.30 and a twelve month high of $121.48. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.61 earnings per share. On average, research analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG raised its holdings in shares of J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the period. Two Sigma Investments LP lifted its stake in J. M. Smucker by 6,854.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after acquiring an additional 1,505,991 shares in the last quarter. National Bank of Canada FI boosted its position in J. M. Smucker by 797.4% during the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after acquiring an additional 1,245,035 shares during the period. Norges Bank purchased a new position in J. M. Smucker during the 2nd quarter valued at about $112,829,000. Finally, Engineers Gate Manager LP acquired a new position in J. M. Smucker in the 2nd quarter valued at approximately $109,896,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.