Deutsche Bank Aktiengesellschaft Lowers J. M. Smucker (NYSE:SJM) Price Target to $97.00

J. M. Smucker (NYSE:SJM) had its price objective cut by analysts at Deutsche Bank Aktiengesellschaft from $117.00 to $97.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 2.31% from the company’s previous close.

SJM has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. TD Cowen dropped their price objective on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. Barclays upped their target price on shares of J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. raised their price target on J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $119.60.

J. M. Smucker Stock Performance

SJM traded down $0.43 during trading on Monday, hitting $94.81. 523,642 shares of the stock were exchanged, compared to its average volume of 2,074,067. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $120.76. The stock has a fifty day moving average price of $106.28 and a two-hundred day moving average price of $104.43. The firm has a market capitalization of $10.11 billion, a P/E ratio of -8.04, a PEG ratio of 3.97 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. As a group, sell-side analysts predict that J. M. Smucker will post 9.88 earnings per share for the current year.

Hedge Funds Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of SJM. Garton & Associates Financial Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker in the second quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new stake in J. M. Smucker in the second quarter valued at $28,000. Root Financial Partners LLC purchased a new position in shares of J. M. Smucker in the third quarter valued at $29,000. Finally, MCF Advisors LLC raised its stake in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after buying an additional 126 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

About J. M. Smucker

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.