J.M. Smucker Co. [SJM] stock is trading at $125.72, up 1.98%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SJM shares have gain 1.86% over the last week, with a monthly amount glided 2.51%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, February 2024, The J.M. Smucker Co. Announces Fiscal 2024 Third Quarter Results. In a post published today on Yahoo Finance, The J.M. Smucker Co. (NYSE: SJM) today announced results for the third quarter ended January 31, 2024, of its 2024 fiscal year. Financial results for the third quarter of fiscal year 2024 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. (“Hostess Brands”) on November 7, 2023, divestiture of the Sahale Snacks® business on November 1, 2023, and divestiture of certain pet food brands on April 28, 2023. All comparisons are to the third quarter of the prior fiscal year, unless otherwise noted.
From an analyst’s perspective:
J.M. Smucker Co. [NYSE: SJM] stock has seen the most recent analyst activity on March 01, 2024, when DA Davidson initiated its Neutral rating and assigned the stock a price target of $132. Previously, Stifel upgraded its rating to Buy on February 28, 2024, and kept the price target unchanged to $135. On February 01, 2024, Citigroup initiated with a Buy rating and assigned a price target of $153 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $140 on December 12, 2023. Bernstein upgraded its rating to Mkt Perform for this stock on November 14, 2023, and downed its price target to $119. In a note dated September 14, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $170 to $145.
J.M. Smucker Co. [SJM] stock has fluctuated between $107.33 and $159.92 over the past year. Currently, Wall Street analysts expect the stock to reach $143.38 within the next 12 months. J.M. Smucker Co. [NYSE: SJM] shares were valued at $125.72 at the most recent close of the market. An investor can expect a potential return of 14.05% based on the average SJM price forecast.
Analyzing the SJM fundamentals
J.M. Smucker Co. [NYSE:SJM] reported sales of 8.21B for the trailing twelve months, which represents a growth of 0.58%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 124.42 points at the first support level, and at 123.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.41, and for the 2nd resistance point, it is at 127.10.
J.M. Smucker Co. [SJM] reported earnings per share of $2.48 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.27/share, meaning a difference of $0.21 and a surprise factor of 9.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.59 per share as compared to estimates of $2.47 per share, a difference of $0.12 representing a surprise of 4.90%.
Ratios To Look Out For
For context, J.M. Smucker Co.’s Current Ratio is 0.78. In addition, the Quick Ratio stands at 0.38 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 1.77.
Transactions by insiders
Recent insider trading involved Knudsen Jeannette L, Chief Legal Officer, that happened on Mar 04 ’24 when 6500.0 shares were sold. Director, AMIN TARANG completed a deal on Feb 29 ’24 to buy 900.0 shares. Meanwhile, Chief Financial Officer Marshall Tucker H sold 1500.0 shares on Dec 15 ’23.
