In a report released yesterday, Christopher Carey from Wells Fargo maintained a Buy rating on JM Smucker (SJM – Research Report), with a price target of $150.00. The company’s shares closed yesterday at $125.25.
Carey covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Colgate-Palmolive, and Clorox. According to TipRanks, Carey has an average return of 4.4% and a 52.12% success rate on recommended stocks.
JM Smucker has an analyst consensus of Hold, with a price target consensus of $133.64.
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SJM market cap is currently $13.37B and has a P/E ratio of -2,682.01.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.
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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:
- SJM Upcoming Earnings Report: What to Expect?
- 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
