In a report released yesterday, Pablo Zuanic from Susquehanna reiterated a Buy rating on JM Smucker (SJM), with a price target of $130. The company’s shares closed yesterday at $99.16, close to its 52-week low of $96.13.
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 4.0% and a 46.1% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
JM Smucker has an analyst consensus of Moderate Buy, with a price target consensus of $111.13, implying a 12.1% upside from current levels. In a report issued on November 28, Jefferies also maintained a Buy rating on the stock with a $125 price target.
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Based on JM Smucker’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $188 million. In comparison, last year the company had a net profit of $194 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SJM in relation to earlier this year.
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.
