J. M. Smucker (NYSE:SJM) Price Target Lowered to $104.00 at Morgan Stanley

J. M. Smucker (NYSE:SJM) had its price objective decreased by analysts at Morgan Stanley from $118.00 to $104.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 9.71% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, April 9th. Sanford C. Bernstein upgraded shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $121.00 to $145.00 in a research report on Wednesday, March 11th. Finally, Barclays cut their price objective on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $117.25.

J. M. Smucker Trading Down 1.0%

NYSE SJM opened at $94.79 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. J. M. Smucker has a 52 week low of $88.25 and a 52 week high of $119.39. The stock has a market capitalization of $10.11 billion, a PE ratio of -8.04, a price-to-earnings-growth ratio of 4.16 and a beta of 0.27. The firm has a 50 day moving average of $102.23 and a two-hundred day moving average of $102.76.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that J. M. Smucker will post 9.05 EPS for the current fiscal year.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently made changes to their positions in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of J. M. Smucker by 10.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,763 shares during the period. United Services Automobile Association acquired a new position in shares of J. M. Smucker during the 1st quarter worth $253,000. Empowered Funds LLC grew its stake in shares of J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after purchasing an additional 2,889 shares during the period. Woodline Partners LP grew its stake in J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in J. M. Smucker by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after acquiring an additional 138 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

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.