Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Jeronimo Martins SGPS SA (OTCMKTS:JRONY) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of research analysts have recently issued reports on JRONY shares. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st.

Jeronimo Martins SGPS Price Performance

Shares of JRONY opened at $39.91 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97. The firm has a 50-day simple moving average of $40.55 and a 200-day simple moving average of $41.90. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.12. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. On average, equities research analysts anticipate that Jeronimo Martins SGPS will post 2.53 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.