J.M. Smucker Company (The) (SJM) has been under a strong bear grip, hence the stock is down -1.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.27% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.69% in the last 1 week, and is up 0.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
J.M. Smucker Company (The) (NYSE:SJM): The stock opened at $156.64 on Friday but the bulls could not build on the opening and the stock topped out at $157.31 for the day. The stock traded down to $154.40 during the day, due to lack of any buying support eventually closed down at $155.23 with a loss of -0.62% for the day. The stock had closed at $156.20 on the previous day. The total traded volume was 962,322 shares.
The stock has recorded a 20-day Moving Average of 1.35% and the 50-Day Moving Average is 6.12%. The J. M. Smucker Company is up 20.7% in the last 3-month period. Year-to-Date the stock performance stands at 27.17%.
J.M. Smucker Company (The) (SJM) : 6 investment research analysts covering J.M. Smucker Company (The) (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.
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.