Goldman Sachs Raises Estimates on J.M. Smucker (SJM); Spread on the Bread
Tweet Send to a FriendGet Alerts SJM Hot Sheet
Price: $102.38 -1.23%
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade SJM Now!
Goldman Sachs maintains a 'Buy' on J.M. Smucker (NYSE: SJM) price target of $90.00.
Analyst, Jason English, said, "SJM this morning reported a sizeable $0.17 beat versus consensus. Contributing to the beat was a $0.09 YoY benefit from mark-to-market hedge gains and a less-than-expected increase in marketing spend. The quarter, however, was better than expected even after discounting these items, with sales and volume growth well above expectations."
"FY13/FY14/FY15 EPS estimate goes to $5.25/$5.76/$6.35, from $5.20/$5.74/$6.33. We continue to expect another earnings beat next quarter and believe this one will be accompanied by a guidance increase."
SJM shares are trading up 5.51% to $83.32 this afternoon. The stock got to $84.10, which was a new 52-wk high, before settling back slightly.
For an analyst ratings summary and ratings history on J.M. Smucker click here. For more ratings news on J.M. Smucker click here.
Shares of J.M. Smucker closed at $78.97 yesterday, with a 52 week range of $66.43-$81.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Jason English, said, "SJM this morning reported a sizeable $0.17 beat versus consensus. Contributing to the beat was a $0.09 YoY benefit from mark-to-market hedge gains and a less-than-expected increase in marketing spend. The quarter, however, was better than expected even after discounting these items, with sales and volume growth well above expectations."
"FY13/FY14/FY15 EPS estimate goes to $5.25/$5.76/$6.35, from $5.20/$5.74/$6.33. We continue to expect another earnings beat next quarter and believe this one will be accompanied by a guidance increase."
SJM shares are trading up 5.51% to $83.32 this afternoon. The stock got to $84.10, which was a new 52-wk high, before settling back slightly.
For an analyst ratings summary and ratings history on J.M. Smucker click here. For more ratings news on J.M. Smucker click here.
Shares of J.M. Smucker closed at $78.97 yesterday, with a 52 week range of $66.43-$81.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Brean Capital Downgrades Tetra Tech (TTEK) to Hold
- UPDATE: Keryx Biopharma (KERX) Patents Strong; JPMorgan Starts at Overweight
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Goldman Sachs, EarningsComments
Goldman Sachs
Well these guys should know.
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Goldman
Jack Clauss on Aug 17, 2012 02:47 PMMark as Spam | Reply to this comment
They are the top people in trade.