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JM Smucker (SJM) Gets a Hold from Barclays

Tipranks - Mon Feb 23, 12:20PM CST

Barclays analyst Andrew Lazar maintained a Hold rating on JM Smucker on February 20 and set a price target of $105.00. The company’s shares closed last Friday at $110.38.

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Lazar covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, McCormick & Company, and Post Holdings. According to TipRanks, Lazar has an average return of 1.0% and a 51.98% success rate on recommended stocks.

Currently, the analyst consensus on JM Smucker is a Moderate Buy with an average price target of $116.45, a 5.50% upside from current levels. In a report released on February 20, TD Cowen also maintained a Hold rating on the stock with a $112.00 price target.

Based on JM Smucker’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.33 billion and a net profit of $241.3 million. In comparison, last year the company earned a revenue of $2.27 billion and had a GAAP net loss of $24.5 million

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