JP Morgan Maintains J M Smucker Co to Sell with Price Target $128.00

Brokerage firm JP Morgan Maintains its rating on J M Smucker Co(NYSE:SJM). In a research note issued to the investors, the brokerage major Raises the price-target to $128.00 per share. The shares have been rated Sell. The rating by JP Morgan was issued on Jun 20, 2016.

In a different note, On Jun 10, 2016, Jefferies said it Downgrades its rating on J M Smucker Co. The shares have been rated ‘Hold’ by the firm. On Jun 10, 2016, Citigroup said it Maintains its rating on J M Smucker Co. In the research note, the firm Raises the price-target to $150.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 10, 2016, JP Morgan said it Maintains its rating on J M Smucker Co. In the research note, the firm Raises the price-target to $139.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 3, 2016, Morgan Stanley said it Maintains its rating on J M Smucker Co. In the research note, the firm Raises the price-target to $128.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 3, 2016, Deutsche Bank said it Maintains its rating on J M Smucker Co. In the research note, the firm Raises the price-target to $137.00 per share. The shares have been rated ‘Buy’ by the firm. KeyBanc said it Initiates Coverage on J M Smucker Co, according to a research note issued on May 26, 2016. The shares have been rated ‘Sector Weight’ by the firm.

J M Smucker Co (SJM) shares turned negative on Fridays trading session with the shares closing down -1.23 points or -0.84% at a volume of 14,74,860. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $146.51. The peak price level was also seen at $146.51 while the days lowest was $143.775. Finally the shares closed at $145.33. The 52-week high of the shares is $147.41 while the 52-week low is $104.3. According to the latest information available, the market cap of the company is $16,920 M.

J M Smucker Co(SJM) last announced its earnings results on Jun 9, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.81B. Analysts had an estimated revenue of $1.74B. Earnings per share were $1.86. Analysts had estimated an EPS of $1.19.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Steven Oakland (Vice Chair and President) sold 5,453 shares at $145.00 per share price.Also, On Jun 14, 2016, Vincent C Byrd (director) sold 14,512 shares at $144.55 per share price.On Jun 14, 2016, Mark R Belgya (Vice Chair and CFO) sold 4,500 shares at $144.20 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Company’s International Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Company’s 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 Company’s pet products consist of dry and wet dog food dry and wet cat food dog snacks and cat snacks.

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