Stifel Nicolaus Reaffirms Their Hold Rating on JM Smucker (SJM)

In a report released today, Matthew Smith, CFA from Stifel Nicolaus maintained a Hold rating on JM Smucker, with a price target of $100.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

According to TipRanks, Smith, CFA is an analyst with an average return of -1.0% and a 44.19% success rate. Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, General Mills, and Altria Group.

In addition to Stifel Nicolaus, JM Smucker also received a Hold from Barclays’s Andrew Lazar in a report issued on April 14. However, on the same day, BTIG initiated coverage with a Buy rating on JM Smucker (NYSE: SJM).

Based on JM Smucker’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.34 billion and a GAAP net loss of $724.2 million. In comparison, last year the company earned a revenue of $2.19 billion and had a GAAP net loss of $662.3 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock. Last month, Mark Smucker, the CEO, Chair of Board of SJM sold 462.00 shares for a total of $50,318.73.