The stock of The J. M. Smucker Company (NYSE:SJM) increased by $0.59 on Tuesday to finish at $127.36, up 0.47 percent. The last five days have seen an average of 2,008,000 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$31.10. The average number of shares traded over the last 20 days was 1,665,610, while the average volume over the last 50 days totaled 1,099,402.
SJM stock dropped -10.34% since last month. On 09/18/23, the company’s shares reached a one-month low of $125.23. The stock touched a high of $163.07 on 01/06/23, after rallying from a low of $125.23 in 52 weeks. The price of SJM stock has declined by -19.63% or -$31.10 this year, reaching a new high 3 times. Still, the stock price is down -21.90% from the 52-week high.
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Insider Transactions
SJM stock investors should be aware that The J. M. Smucker Company (SJM) stock had its last reported insider trading activity 20 days ago on Aug 31. On Aug 31, Chief Transformation Officer Held Amy C sold 9,917 shares at $143.80 each. This transaction resulted in the insider making $1,426,065. On Aug 22, AMIN TARANG sold 7 shares at a price of US$139.32. After the transaction, the insider now owns 0 shares. Director SMUCKER RICHARD K had earlier sold 19,576 shares on Jun 22 for $151.95 a share. The transaction was completed for $2,974,573.
Valuation Metrics
Beta for the stock is 0.25. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.54, the price-to-book (PB) ratio of 1.86, and the price-to-cash flow ratio of 14.33.
Company paid $1.06 per share in dividends, an increase of 3.92% from $1.02 last year. A $0.04 dividend increase was reported on Friday July 14 2023.
Financial Health
For the three months ended July 30, The J. M. Smucker Company’s quick ratio was 0.70, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.62, and the total debt to equity ratio is 0.62. As far as profitability goes, gross margin for the trailing twelve months is 34.40% percent. The J. M. Smucker Company’s EBITDA margin for the year ended July 30 was 18.51%, whereas its operating margin stood at 3.20% for the same period. Based on annual data, it had gross profit of $2.8 billion and revenue of $8.53 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SJM’s return on assets (ROA) during the last 12 months has been -0.10%. There was a 0.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.20%.
Earnings Surprise
According to The J. M. Smucker Company’s quarterly financial report for the quarter that ended July 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.8 billion, while revenues fell by -3.78% to $2.23 billion. It was predicted that The J. M. Smucker Company’s quarterly earnings would be $2.21, but it ended up being $2.04, beating the consensus by 8.30%. EBITDA was $393.5 million for the quarter. At the end of The J. M. Smucker Company’s most recent quarter ended July 30, its liabilities totaled 7.71 billion, while its total debt was $4.5 billion. Equity owned by shareholders amounts to $102.13 million.
Technical Picture
Here’s a quick look at The J. M. Smucker Company’s (SJM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 21.06%, suggesting the stock is oversold, with a 34.79% historical volatility rate.
The stochastic %K and %D were 6.59% and 4.83% respectively, while the average true range (ATR) was 2.83. Based on the 14-day stochastic reading of 10.11%, the RSI (14) reading is 24.81%. On the 9-day MACD Oscillator, the stock is at -4.15, and the 14-day reading is at -8.42.
Analyst Ratings
The J. M. Smucker Company (NYSE: SJM) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned The J. M. Smucker Company (SJM) an Hold rating. SJM is a stock that is recommended for selling by 2 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is SJM’s price target for the next 12 months?
The current consensus forecast for the stock is between $123.00 and $170.00, with a median target price of $143.50. In analyzing these forecasts, the average price target given by analysts for The J. M. Smucker Company (SJM) is $145.25.
