Wells Fargo analyst Christopher Carey maintained a Buy rating on JM Smucker (SJM – Research Report) yesterday and set a price target of $140.00. The company’s shares closed yesterday at $113.54.
Carey covers the Consumer Defensive sector, focusing on stocks such as Clorox, Keurig Dr Pepper, and General Mills. According to TipRanks, Carey has an average return of 5.2% and a 52.24% success rate on recommended stocks.
JM Smucker has an analyst consensus of Hold, with a price target consensus of $133.18, representing a 17.30% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $140.00 price target.
The company has a one-year high of $154.90 and a one-year low of $105.41. Currently, JM Smucker has an average volume of 1.29M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock.
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JM Smucker (SJM) Company Description:
The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker’s, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Nature’s Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.
Read More on SJM:
- J.M. Smucker initiated with a Neutral at DA Davidson
- J.M. Smucker price target raised to $132 from $129 at Barclays
- Apollo Global upgraded, Dell initiated: Wall Street’s top analyst calls
- J.M. Smucker price target lowered to $150 from $158 at TD Cowen
- J.M. Smucker price target lowered to $152 from $153 at Citi
