Susquehanna Remains a Hold on JM Smucker

By Carrie Williams

In a report released today, Pablo Zuanic from Susquehanna reiterated a Hold rating on JM Smucker (NYSE: SJM), with a price target of $128. The company’s shares closed yesterday at $127.77, close to its 52-week low of $122.05.

According to TipRanks.com, Zuanic is a 3-star analyst with an average return of 1.2% and a 45.9% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Mondelez International.

Currently, the analyst consensus on JM Smucker is Hold and the average price target is $128.50, representing a 0.6% upside.

In a report issued on May 26, Jefferies also reiterated a Hold rating on the stock with a $130 price target.

Based on JM Smucker’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $1.88 billion and quarterly net profit of $134 million. In comparison, last year the company earned revenue of $1.81 billion and had a net profit of $190 million.

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The J. M. Smucker Co. engages in the production and market of fruit spreads, peanut butter and other food products. The company operates through the following segments: U. S. Retail Coffee, U. S. Retail Consumer Foods and International, Foodservice & Natural Foods. The U. S. Retail Coffee segment represents the domestic sales of Folgers, Dunkin’ Donuts, Millstone, Cafe Bustelo, and Cafe Pilon coffee to retail customers. The U. S. Retail Consumer Foods segment includes domestic sales of Smucker’s, Crisco, Jif, Pillsbury, Eagle Brand, Hungry Jack, and Martha White products. The International, Foodservice & Natural Foods segment is comprised of products distributed domestically and in foreign countries through retail channels, foodservice distributors and operators, for example restaurants, schools and universities, health care operators and health and natural foods stores and distributors. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.