Wells Fargo & Company Lowers J. M. Smucker (NYSE:SJM) Price Target to $125.00

J. M. Smucker (NYSE:SJM) had its price objective lowered by equities researchers at Wells Fargo & Company from $135.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 35.39% from the stock’s current price.

SJM has been the subject of several other research reports. Wall Street Zen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of J. M. Smucker from $117.00 to $97.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, February 23rd. Finally, TD Cowen reduced their price target on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average target price of $118.93.

J. M. Smucker Trading Down 1.6%

NYSE SJM opened at $92.33 on Wednesday. J. M. Smucker has a one year low of $91.63 and a one year high of $119.39. The company has a 50-day simple moving average of $104.80 and a 200-day simple moving average of $103.73. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The firm has a market capitalization of $9.85 billion, a PE ratio of -7.83, a price-to-earnings-growth ratio of 4.07 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business posted $2.61 EPS. J. M. Smucker’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current year.

Institutional Investors Weigh In On J. M. Smucker

Large investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker during the second quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker during the third quarter valued at approximately $29,000. MCF Advisors LLC raised its holdings in shares of J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in shares of J. M. Smucker during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.