Barclays Lowers J. M. Smucker (NYSE:SJM) Price Target to $123.00

J. M. Smucker (NYSE:SJM) had its target price cut by stock analysts at Barclays from $126.00 to $123.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 4.85% from the stock’s previous close.

SJM has been the topic of a number of other research reports. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $135.00 to $125.00 in a report on Friday, October 25th. DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Citigroup lowered their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, Bank of America lowered their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $127.73.

J. M. Smucker Stock Down 1.9 %

SJM stock opened at $117.31 on Wednesday. J. M. Smucker has a 12-month low of $105.69 and a 12-month high of $134.62. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 3.37 and a beta of 0.26. The company has a 50 day moving average of $116.35 and a two-hundred day moving average of $115.69.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS. On average, equities analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently modified their holdings of SJM. State Street Corp grew its holdings in J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares during the period. FMR LLC grew its holdings in J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of J. M. Smucker by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after buying an additional 135,158 shares during the period. ProShare Advisors LLC increased its position in shares of J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after acquiring an additional 192,075 shares in the last quarter. Finally, Ariel Investments LLC increased its position in shares of J. M. Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after acquiring an additional 486,624 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.