J. M. Smucker (NYSE:SJM) Price Target Raised to $135.00 at Wells Fargo & Company

J. M. Smucker (NYSE:SJM) had its price objective boosted by equities researchers at Wells Fargo & Company from $130.00 to $135.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 14.41% from the company’s current price.

SJM has been the subject of a number of other research reports. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Bank of America reduced their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.55.

J. M. Smucker Trading Down 1.7 %

Shares of SJM stock opened at $118.00 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The firm has a market cap of $12.56 billion, a P/E ratio of 23.89, a PEG ratio of 3.37 and a beta of 0.25. J. M. Smucker has a 1-year low of $105.69 and a 1-year high of $134.62. The firm’s 50-day simple moving average is $116.38 and its 200-day simple moving average is $115.60.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.27. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.33%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company earned $2.59 EPS. The company’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts forecast that J. M. Smucker will post 9.79 EPS for the current year.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker during the second quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its position in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Quarry LP raised its holdings in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in J. M. Smucker during the third quarter valued at about $39,000. Finally, Eastern Bank acquired a new stake in J. M. Smucker in the 3rd quarter worth approximately $40,000. 81.66% of the stock is owned by institutional investors and hedge funds.

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.