KeyBanc Starts J.M. Smucker (SJM) at Buy; Brands Should Continue Dominating Market Share
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Price: $121.39 +1.57%
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc initiates coverage on J.M. Smucker (NYSE: SJM) with a Buy. PT $95.00.
KeyBanc analyst says, "We consider SJM a well-run company with an attractive return and growth profile: Over the last five years, the Company's sales and EPS have grown by CAGRs of approximately 17% and 11%, respectively, and its ROIC of roughly 13% has been steadily improving and is above its cost of capital. As a result of the Company's outstanding financial results, total shareholder return has averaged roughly 17% over the last three years."
"We expect SJM's coffee business to gain market share and believe its growth prospects are underappreciated...SJM's consumer foods business, which represented 40% of sales and 36% of profits in FY11, is comprised of family favorite brands such as Jif peanut butter, Smuckers fruit spreads and Crisco oils. The aforementioned brands compete in large addressable markets (combined market size of more than $3 billion) and have dominant # 1 market share position in their respective categories."
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 $79.52 yesterday.
KeyBanc analyst says, "We consider SJM a well-run company with an attractive return and growth profile: Over the last five years, the Company's sales and EPS have grown by CAGRs of approximately 17% and 11%, respectively, and its ROIC of roughly 13% has been steadily improving and is above its cost of capital. As a result of the Company's outstanding financial results, total shareholder return has averaged roughly 17% over the last three years."
"We expect SJM's coffee business to gain market share and believe its growth prospects are underappreciated...SJM's consumer foods business, which represented 40% of sales and 36% of profits in FY11, is comprised of family favorite brands such as Jif peanut butter, Smuckers fruit spreads and Crisco oils. The aforementioned brands compete in large addressable markets (combined market size of more than $3 billion) and have dominant # 1 market share position in their respective categories."
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 $79.52 yesterday.
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