Deutsche Bank Aktiengesellschaft Lowers J. M. Smucker (NYSE:SJM) Price Target to $125.00

J. M. Smucker (NYSE:SJM) had its target price reduced by research analysts at Deutsche Bank Aktiengesellschaft from $135.00 to $125.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 11.90% from the company’s previous close.

A number of other brokerages have also commented on SJM. Stifel Nicolaus decreased their price objective on J. M. Smucker from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, August 30th. Bank of America cut J. M. Smucker from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $145.00 in a research report on Thursday, September 14th. Sanford C. Bernstein raised J. M. Smucker from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $123.00 to $119.00 in a research report on Tuesday. StockNews.com began coverage on J. M. Smucker in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Barclays reduced their price objective on J. M. Smucker from $160.00 to $129.00 and set an “equal weight” rating for the company in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $144.38.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $111.71 on Thursday. The stock has a fifty day moving average price of $117.56 and a two-hundred day moving average price of $138.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.28. The firm has a market cap of $11.41 billion, a P/E ratio of -657.12, a PEG ratio of 1.78 and a beta of 0.32. J. M. Smucker has a 1 year low of $107.33 and a 1 year high of $163.07.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, August 29th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. J. M. Smucker had a negative net margin of 0.21% and a positive return on equity of 12.96%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts forecast that J. M. Smucker will post 9.67 EPS for the current fiscal year.

Insider Activity

In related news, insider Amy C. Held sold 9,917 shares of J. M. Smucker stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $143.80, for a total transaction of $1,426,064.60. Following the sale, the insider now directly owns 5,972 shares of the company’s stock, valued at $858,773.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SJM. Intrepid Capital Management Inc. acquired a new stake in shares of J. M. Smucker during the 2nd quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter worth approximately $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of J. M. Smucker by 142.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 187 shares of the company’s stock worth $28,000 after buying an additional 110 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in J. M. Smucker in the 2nd quarter valued at $30,000. Finally, Clear Street Markets LLC grew its position in J. M. Smucker by 97.2% in the first quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $33,000 after acquiring an additional 104 shares during the period. 79.08% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.