Wells Fargo Reiterates Buy Rating on J. M. Smucker
Wells Fargo maintains its buy rating on The J. M. Smucker Company with a $129 price target, a 10.74% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on The J. M. Smucker Company with a $129 price target.
- Wells Fargo's $129 price target implies 10.74% upside from The J. M. Smucker Company's ($SJM) current $116.49 share price.
- Shares of NYSE:SJM are trading near $116.84, with a market cap of about $12.42 billion.
- Analysts maintain a buy consensus with a target mean price of $121.59 from 17 opinions.
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Wells Fargo has reiterated its buy rating on The J. M. Smucker Company (NYSE:SJM), setting a price target of $129. This reaffirmation comes as the company's shares are trading around $116.84.
The J. M. Smucker Company Stock Down 12.0%
Shares of The J. M. Smucker Company traded near $116.84. The company has a market cap of approximately $12.42 billion and a forward P/E ratio of 10.87, indicating expected earnings in the coming year relative to its stock price. The stock has a 52-week low of $88.25 and a high of $119.39. With a beta of 0.264, the stock shows lower volatility compared to the broader market. Its 50-day moving average is $99.56, and the 200-day moving average is $103.42. The company has a current ratio of 0.777 and a quick ratio of 0.282, highlighting its liquidity position, while the debt-to-equity stands at 128.609.
$SJM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its recent earnings report, The J. M. Smucker Company posted revenue of $9.05 billion, reflecting a growth of 5.8%. However, the company reported a net margin of -1.53% and a return on equity of -2.39%, indicating some financial challenges. The company is expected to announce its next earnings on June 9, 2026.
Insider Buying and Selling at The J. M. Smucker Company
Recent insider activity at The J. M. Smucker Company includes several key executives buying shares. On June 11, 2026, Chief Financial Officer Marshall Tucker, CEO and Chair of the Board Mark Smucker, and Chief Legal Officer Jeannette Knudsen each acquired shares. Additionally, Chief Product Supply Officer Robert Ferguson and Chief Marketing Officer Katherine Marie Williams also made purchases. Jeannette Knudsen sold 5,550 shares at an average price of $116.29 on the same day.
Analysts Set New Price Targets
On June 10, 2026, Wells Fargo maintained its buy rating on The J. M. Smucker Company with a price target of $129. Other analysts, including UBS, Evercore ISI Group, and RBC Capital, also maintained buy ratings with targets ranging from $120 to $135. The consensus among 17 analysts is a buy recommendation, with a mean price target of $121.59.
About The J. M. Smucker Company
The J. M. Smucker Company is a major player in the packaged foods industry, headquartered in Orrville, Ohio. It operates in several segments, including U.S. Retail Coffee and U.S. Retail Pet Foods. The company's well-known brands include Folgers, Jif, Smucker's, and Meow Mix. Under the leadership of CEO Mark T. Smucker, the company markets its products through a variety of channels, from supermarkets to online retailers.
Bottom Line
The reaffirmation of a buy rating by Wells Fargo, along with a $129 price target, suggests confidence in The J. M. Smucker Company's potential. Investors track such analyst ratings closely, but it's important to remember these are forward-looking opinions. The company's stock performance and financial health remain key factors to watch.
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