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What Analysts’ Price Target Indicates for J.M. Smucker Stock

Amit Singh - Author

Jun. 25 2019, Updated 3:34 p.m. ET

Analysts expect SJM stock to fall

Wall Street has a price target of $114.54 per share on the J.M. Smucker Company (SJM), implying a potential downside of 5.6% based on its closing price of $121.31 on June 24.

J.M. Smucker stock has risen ~30% so far this year, indicating that the positives have been priced in. However, given the expected decline in its pricing, its organic sales growth is likely to stay low.

The company’s management expects strong volumes across all its segments to support its organic sales, which it expects to mark 2% growth in fiscal 2020. However, achieving high volumes to offset lower pricing and drive 2% organic sales growth could be difficult.

Moreover, J.M. Smucker’s high valuation and projected mid-single-digit EPS growth are expected to restrict the upside in its stock.

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Rating summary

Eleven out of the 16 analysts covering J.M. Smucker stock have given it “hold” recommendations. Meanwhile, four analysts have given it “sells,” and one maintains a “buy” on the stock.

Wall Street also maintains “neutral” views on other major food stocks General Mills (GIS), the Kellogg Company (K), and the Hershey Company (HSY). Meanwhile, analysts have a consensus “sell” rating on the Campbell Soup Company (CPB) stock.

Analysts have “buy” recommendations on the stocks of Mondelēz International (MDLZ) and Conagra Brands (CAG).


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