Top25-SA-Banner

Credit Suisse Upgrades JM Smucker (SJM) to Hold


Credit Suisse analyst Robert Moskow upgraded JM Smucker (NYSE: SJM) to Hold on October 9 and set a price target of $95. The company’s shares closed yesterday at $103.54.

According to TipRanks.com, Moskow is a 3-star analyst with an average return of 2.6% and a 53.3% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, McCormick & Company, and Campbell Soup.

The word on The Street in general, suggests a Hold analyst consensus rating for JM Smucker with a $110.43 average price target, a 6.7% upside from current levels. In a report issued on October 3, Merrill Lynch also maintained a Hold rating on the stock with a $106 price target.

.

See today’s analyst top recommended stocks >>

Based on JM Smucker’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $132 million. In comparison, last year the company had a net profit of $126 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The J. M. Smucker Co. engages in the manufacture and marketing of branded 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.