In a report released today, Pablo Zuanic from Susquehanna reiterated a Buy rating on JM Smucker (NYSE: SJM), with a price target of $130. The company’s shares closed yesterday at $112.32.
Zuanic noted:
“SJM reports 1Q19 (July quarter) on 8/21, so these meetings were more of a long- term strategic nature. In this note we mix company commentary, with our own read of the scanner data, and base comp financials. The focus of this note is solely on the coffee unit (feel free to call us to discuss pet food and the other parts of the business), and we are not updating estimates here.”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 6.2% and a 55.8% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
Currently, the analyst consensus on JM Smucker is a Hold with an average price target of $110.56.
See today’s analyst top recommended stocks >>
Based on JM Smucker’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $185 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. Last month, Jeannette Knudsen, the SVP, GC & Sec of SJM sold 1,000 shares for a total of $108,280.
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.
