Evercore ISI Reiterates Buy Rating on J.M. Smucker
Evercore ISI maintains its buy rating on The J. M. Smucker Company with a $120 price target, a 3.01% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating on The J. M. Smucker Company with a $120 price target on June 10, 2026.
- Evercore ISI Group's $120 price target implies 3.01% upside from The J. M. Smucker Company's ($SJM) current $116.49 share price.
- J.M. Smucker trades at $116.84 with a market cap of $12.42 billion and a forward P/E of 10.87.
- Insiders including CEO Mark Smucker bought shares on June 11, 2026, while analysts like UBS maintained buy ratings.
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Evercore ISI Group has reiterated its buy rating for The J. M. Smucker Company (NYSE:SJM), setting a price target of $120. This update was provided by analyst David Palmer on June 10, 2026. Shares of J.M. Smucker were trading at $116.84 at the time of the report.
Analysts Set New Price Targets
On June 10, 2026, Evercore ISI Group maintained its buy rating on The J. M. Smucker Company with a price target of $120. UBS also maintained a buy rating with a higher target of $130 on June 11, 2026. Other firms like JP Morgan and RBC Capital reiterated buy ratings with targets of $125 and $135, respectively. The consensus recommendation for Smucker is a buy, with a mean target price of $121.59 based on 17 analyst opinions.
The J. M. Smucker Company Stock Down 12.0%
Shares of NYSE:SJM traded near $116.84. The J. M. Smucker Company has a market cap of approximately $12.42 billion and a forward P/E ratio of 10.87, indicating its price relative to expected earnings. The stock's 52-week range is between $88.25 and $119.39, with a 50-day moving average of $99.56 and a 200-day moving average of $103.42. The company has a beta of 0.264, suggesting lower volatility compared to the market.
$SJM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at The J. M. Smucker Company
On June 11, 2026, several insiders at The J. M. Smucker Company made transactions. CEO Mark Smucker purchased 34,497 shares, while CFO Marshall Tucker and Chief Legal Officer Jeannette Knudsen also bought shares. Jeannette Knudsen sold 5,550 shares at an average price of $116.29 on the same day.
About The J. M. Smucker Company
The J. M. Smucker Company, based in Orrville, Ohio, is a leading manufacturer and marketer of branded food and beverage products. The company operates through segments like U.S. Retail Coffee, U.S. Retail Pet Foods, and Sweet Baked Snacks. Its well-known brands include Folgers, Jif, and Smucker's. Led by CEO Captain Mark T. Smucker, the company employs a wide range of distribution channels, from supermarkets to online retailers.
Bottom Line
The J. M. Smucker Company's stock remains a focus for investors, especially with Evercore ISI Group's reiterated buy rating. Analysts maintain a positive outlook, reflecting confidence in Smucker's market position. As a reminder, these analyst ratings are based on past data and do not necessarily predict future performance.
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