Analyst Rating Update on J.M. Smucker Company (The) (SJM)

J.M. Smucker Company (The) (SJM) : 13 analysts are covering J.M. Smucker Company (The) (SJM) and their average rating on the stock is 2.69, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

J.M. Smucker Company (The) (SJM) : 6 Wall Street analysts covering J.M. Smucker Company (The) (SJM) believe that the average level the stock could reach for the short term is $138.83. The maximum price target given is $152 and the minimum target for short term is around $123, hence the standard deviation is calculated at $11.02.

Company shares have received an average consensus rating of Hold for the current week


J.M. Smucker Company (The) (NYSE:SJM): The stock opened at $154.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $154.75 for the day. The stock traded down to $151.99 during the day, due to lack of any buying support eventually closed down at $152.77 with a loss of -1.17% for the day. The stock had closed at $154.58 on the previous day. The total traded volume was 918,116 shares.

The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Companys U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Companys International, Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Companys principal consumer food and beverage products are coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products and nut mix products. The Companys pet products consist of dry and wet dog food, dry and wet cat food, dog snacks and cat snacks.

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