J.M. Smucker Company (The) (SJM) : The consensus on J.M. Smucker Company (The) (SJM) based on 13 analyst recommendation on the company stock is 2.69, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
J.M. Smucker Company (The) (SJM) : Average target price received by J.M. Smucker Company (The) (SJM) is $138.83 with an expected standard deviation of $11.02. The most aggressive target on the stock is $152, whereas the most downbeat target is $123. 6 financial analysts are currently covering the stock.
J.M. Smucker Company (The) (NYSE:SJM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $152.15 and $152.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $153.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $153.05, notching a gain of 0.60% for the day. The total traded volume was 1,408,648 . The stock had closed at $152.13 on the previous day.
Also, Brokerage firm JP Morgan maintains its rating on J.M. Smucker Company (The) (NYSE:SJM). As per the latest information, the brokerage house raises the price target to $128 per share from a prior target of $122. The shares have been rated Sell. The rating by the firm was issued on June 20, 2016. The company shares have rallied 40.26% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $153.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $138.45 and the 200 Day Moving Average price is recorded at $129.60.
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.