Robert Dickerson, an analyst from Jefferies, maintained the Hold rating on JM Smucker (SJM – Research Report). The associated price target is $125.00.
Robert Dickerson has given his Hold rating due to a combination of factors including the current market conditions and the company’s recent performance. Dickerson acknowledges that while JM Smucker has a robust portfolio of brands and has shown resilience in its operations, there are still challenges ahead. The market for packaged foods is highly competitive, and although Smucker has been maintaining a steady market presence, the growth opportunities are moderate and reflect in the company’s current valuation.
Furthermore, Dickerson notes that the company’s financials, while stable, do not indicate the kind of rapid growth that would typically warrant a more aggressive investment stance. He points out that JM Smucker’s revenue streams, although diversified, are facing pressures from cost inflation and shifting consumer preferences. Given these factors, the Hold rating suggests that the stock is expected to perform in line with the broader market, making it a suitable choice for investors seeking stability over high returns at this time.
According to TipRanks, Dickerson is a 4-star analyst with an average return of 4.4% and a 63.85% success rate. Dickerson covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Lancaster Colony, and Mondelez International.
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JM Smucker (SJM) Company Description:
The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker’s, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Nature’s Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.
Read More on SJM:
- GLP-1 users’ grocery spending declines 6%-9% after starting, says Morgan Stanley
- J.M. Smucker price target raised to $158 from $136 at TD Cowen
- ‘Diamonds in the Rough’: Citi Says These 3 Packaged Food Stocks Are Poised to Thrive in a Tough Sector
- J.M. Smucker initiated with a Buy at Citi
- J.M. Smucker price target raised to $135 from $125 at Stifel
