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 3, which recommends a Hold 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) stock is expected to deviate a maximum of $13.81 from the average target price of $140.5 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $162 and the most muted being $123.
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 $154.45 on Thursday but the bulls could not build on the opening and the stock topped out at $154.45 for the day. The stock traded down to $152.10 during the day, due to lack of any buying support eventually closed down at $152.86 with a loss of -0.73% for the day. The stock had closed at $153.99 on the previous day. The total traded volume was 977,329 shares.
In a related news, West David J, Director of J M SMUCKER Co, unloaded 865 shares at an average price of $145.65 on June 24, 2016. The total amount of the transaction was worth $125,987, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.