The stock of J.M. Smucker Co. (NYSE: SJM) has decreased by -3.26 when compared to last closing price of 117.37.Despite this, the company has seen a loss of -5.00% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-04 that The J.M. Smucker (SJM) benefits from strong brand demand and net price realization. A focus on key growth areas, including coffee, snacking and pet, keeps it well-positioned.
Is It Worth Investing in J.M. Smucker Co. (NYSE: SJM) Right Now?
Moreover, the 36-month beta value for SJM is 0.21. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for SJM is 103.55M and currently, short sellers hold a 3.68% of that float. On April 11, 2024, SJM’s average trading volume was 1.29M shares.
SJM’s Market Performance
SJM’s stock has seen a -5.00% decrease for the week, with a -6.61% drop in the past month and a -13.47% fall in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 1.84% for J.M. Smucker Co. The simple moving average for the past 20 days is -7.12% for SJM’s stock, with a -11.64% simple moving average for the past 200 days.
Analysts’ Opinion of SJM
Many brokerage firms have already submitted their reports for SJM stocks, with DA Davidson repeating the rating for SJM by listing it as a “Neutral.” The predicted price for SJM in the upcoming period, according to DA Davidson is $132 based on the research report published on March 01, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see SJM reach a price target of $135. The rating they have provided for SJM stocks is “Buy” according to the report published on February 28th, 2024.
Citigroup gave a rating of “Buy” to SJM, setting the target price at $153 in the report published on February 01st of the current year.
SJM Trading at -8.83% from the 50-Day Moving Average
After a stumble in the market that brought SJM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.00% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -7.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.72% lower at present.
During the last 5 trading sessions, SJM fell by -5.00%, which changed the moving average for the period of 200-days by -24.47% in comparison to the 20-day moving average, which settled at $121.78. In addition, J.M. Smucker Co. saw -10.16% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SJM starting from Knudsen Jeannette L, who sale 3,200 shares at the price of $124.77 back on Mar 27 ’24. After this action, Knudsen Jeannette L now owns 8,946 shares of J.M. Smucker Co., valued at $399,264 using the latest closing price.
Knudsen Jeannette L, the Chief Legal Officer of J.M. Smucker Co., sale 6,500 shares at $121.78 during a trade that took place back on Mar 04 ’24, which means that Knudsen Jeannette L is holding 12,146 shares at $791,570 based on the most recent closing price.
Stock Fundamentals for SJM
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.36 for the gross margin
The net margin for J.M. Smucker Co. stands at -0.01. The total capital return value is set at 0.07. Equity return is now at value -1.27, with -0.56 for asset returns.
Based on J.M. Smucker Co. (SJM), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 473.56.
Currently, EBITDA for the company is 1.6 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The receivables turnover for the company is 10.39for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
Conclusion
To wrap up, the performance of J.M. Smucker Co. (SJM) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
