Barclays Increases J. M. Smucker (NYSE:SJM) Price Target to $125.00

J. M. Smucker (NYSE:SJM) had its price objective hoisted by equities researchers at Barclays from $105.00 to $125.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 11.07% from the company’s previous close.

Several other research analysts have also recently weighed in on SJM. Wall Street Zen upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group decreased their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Stifel Nicolaus reduced their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Finally, Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Eight 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $119.43.

J. M. Smucker Trading Down 1.9%

Shares of NYSE:SJM opened at $112.54 on Monday. The stock’s 50-day simple moving average is $104.71 and its two-hundred day simple moving average is $105.37. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of -9.55, a PEG ratio of 4.78 and a beta of 0.22. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $121.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.11. The firm 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 business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 EPS. Analysts expect that J. M. Smucker will post 9.88 EPS for the current year.

Institutional Trading of J. M. Smucker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of J. M. Smucker in the fourth quarter worth about $25,000. AlphaQuest LLC purchased a new position in J. M. Smucker during the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in J. M. Smucker in the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $27,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of J. M. Smucker during the 2nd quarter valued at approximately $28,000. 81.66% of the stock is currently owned by institutional investors.

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.