.png "JM Smucker (NYSE: SJM)")
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.
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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.
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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.
