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RBC Capital Sticks to Its Buy Rating for JM Smucker (SJM)

Tipranks - Tipranks - Wed Feb 25, 5:40AM CST

In a report released today, Nik Modi from RBC Capital maintained a Buy rating on JM Smucker, with a price target of $130.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as Primo Brands, Kimberly Clark, and Colgate-Palmolive. According to TipRanks, Modi has an average return of -2.6% and a 47.20% success rate on recommended stocks.

In addition to RBC Capital, JM Smucker also received a Buy from J.P. Morgan’s Thomas Palmer in a report issued yesterday. However, on February 20, TD Cowen maintained a Hold rating on JM Smucker (NYSE: SJM).

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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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