The J M Smucker Company (NYSE: SJM) has reported earnings for its first fiscal quarter (ending July 31) of $1.74 versus $1.79 for the same period a year ago. E.P.S. were $7.10 for the latest four quarters through July 31 versus $-0.15 for the same period a year ago.
Recent Price Action
On 8/28/24, The J M Smucker Company (NYSE: SJM) stock declined by -4.9%, closing at $114.73. Moreover, trading volume in this decline was exceptionally high at 276% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.6% during the last week.
Current PriceTarget Research Rating
SJM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
J M Smucker has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. J M Smucker has a neutral Appreciation Score of 46 and a slightly negative Power Rating of 32, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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