J.M. Smucker Company (NYSE:SJM):
The J. M. Smucker Company Announces Fiscal 2018 Second Quarter Results.
The company is up since yesterday’s close of 106.46.
The J. M. Smucker Company, launched on October 26, 1921, is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Business’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Business’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. In the U.S. retail market segments, the Business’s products are sold to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, military commissaries, natural foods stores and distributors, and pet specialty stores. In International and Foodservice, the Business’s products are distributed domestically and in foreign countries through retail channels and foodservice distributors and operators, such as restaurants, lodging, schools and universities, healthcare operators..
The company currently has a P/E ratio of 23.82 and market cap is 12.86B. In the latest earnings report the EPS was $4.75 with 113.58M shares presently outstanding.
Investors are feeling more bearish on J.M. Smucker Company of late if you look at the change in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 8.01%. Short interest grew from 5,890,769 to 6,362,877 over that timeframe. Days to cover increased 1.0 to 6.0 and the percentage of shorted shares was 0.06% on October 13.
Investment analysts have weighed in on J.M. Smucker Company recently. On November 7 Susquehanna Bancshares maintained a company rating of “Hold” targeting a price of $110.00. On October 30 analysts at Jefferies Group LLC released guidance on SJM and giving a rating of “Buy” and establishing a price target of $130.00.
Morgan Stanley updated its forecast on SJM with a rating of “Sell” and projecting a price target of $106.00. October 4 investment analysts at Goldman Sachs Group, Inc. (The) reiterated a “Sell” rating on the stock.
Equity analyst Citigroup lowered the price target on August 25 changing the price objective from $155.00 to $133.00 with a “Buy” recommendation. Equity analyst Credit Suisse Group released research on SJM stating a rating of “Hold” and setting a price target of $110.00.