Morgan Stanley Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its target price cut by equities research analysts at Morgan Stanley from $118.00 to $104.00 in a report issued on Thursday, Marketbeat.com reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 8.29% from the company’s current price.

Other research analysts have also issued research reports about the company. Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, February 23rd. TD Cowen lowered their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Barclays lowered their price objective on J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a report on Thursday, April 9th. Finally, Sanford C. Bernstein raised J. M. Smucker from a “market perform” rating to an “outperform” rating and raised their target price for the company from $121.00 to $145.00 in a report on Wednesday, March 11th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.25.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $96.04 on Thursday. 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 cap of $10.24 billion, a price-to-earnings ratio of -8.15, a P/E/G ratio of 4.18 and a beta of 0.27. The business’s 50-day simple moving average is $101.64 and its 200-day simple moving average is $102.64. J. M. Smucker has a 52 week low of $88.25 and a 52 week high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.61 EPS. As a group, equities research analysts expect that J. M. Smucker will post 9.05 earnings per share for the current fiscal year.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Garton & Associates Financial Advisors LLC acquired a new stake in J. M. Smucker in the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker in the 2nd quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in J. M. Smucker in the 3rd quarter valued at approximately $29,000. MCF Advisors LLC lifted its position in shares of J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after acquiring an additional 126 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.