J.M. Smucker Company (The) (NYSE:SJM) : 3 brokerage houses believe that J.M. Smucker Company (The) (NYSE:SJM) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on J.M. Smucker Company (The) (NYSE:SJM). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.69.
J.M. Smucker Company (The) (NYSE:SJM) : 6 investment research analysts covering J.M. Smucker Company (The) (NYSE:SJM) have an average price target of $138.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $152 and the lowest target is $123 for the short term. Analysts expect the variance to be within $11.02 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, JP Morgan maintains its ratings on J.M. Smucker Company (The) (NYSE:SJM). In the latest research report, JP Morgan raises the target price from $122 per share to $128 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. The rating by the firm was issued on June 20, 2016.
J.M. Smucker Company (The) (NYSE:SJM): stock turned positive on Tuesday. Though the stock opened at $147.33, the bulls momentum made the stock top out at $147.43 level for the day. The stock recorded a low of $145.51 and closed the trading day at $146.98, in the green by 0.16%. The total traded volume for the day was 993,224. The stock had closed at $146.75 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, Canada) of J M Smucker Co, Lemmon David J had sold 872 shares worth of $127,312 in a transaction dated June 21, 2016. In this transaction, 872 shares were sold at $146 per share.
The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Companys U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Companys International, Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Companys principal consumer food and beverage products are coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products and nut mix products. The Companys pet products consist of dry and wet dog food, dry and wet cat food, dog snacks and cat snacks.