J. M. Smucker (NYSE:SJM) Given New $105.00 Price Target at TD Cowen

J. M. Smucker (NYSE:SJM) had its price target lowered by stock analysts at TD Cowen from $111.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential upside of 7.89% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Morgan Stanley decreased their price target on shares of J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Stifel Nicolaus cut their price objective on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, UBS Group reduced their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $115.64.

J. M. Smucker Stock Performance

NYSE:SJM traded up $1.84 during trading hours on Thursday, reaching $97.32. The company had a trading volume of 550,858 shares, compared to its average volume of 1,502,491. The firm has a market cap of $10.38 billion, a PE ratio of -8.67, a price-to-earnings-growth ratio of 6.52 and a beta of 0.23. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $121.48. The business’s 50 day moving average price is $101.90 and its 200-day moving average price is $105.20. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. J. M. Smucker’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts forecast that J. M. Smucker will post 9.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the second quarter worth approximately $25,000. AlphaQuest LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth $26,000. Bank of Jackson Hole Trust grew its stake in shares of J. M. Smucker by 104.5% during the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after purchasing an additional 140 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in J. M. Smucker in the second quarter valued at $27,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in J. M. Smucker in the second quarter valued at $28,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.