Jefferies (NYSE:JEF) analyst Robert Dickerson maintained a Hold rating on JM Smucker (NYSE:SJM) on Thursday, setting a price target of $135, which is approximately 10.83% above the present share price of $121.81.
Dickerson expects JM Smucker to post earnings per share (EPS) of $1.42 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in JM Smucker, with an average price target of $128.5.
The analysts price targets range from a high of $135 to a low of $117.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $1.86 billion and a net profit of $261.2 million. The company's market cap is $13.2 billion.
According to TipRanks.com, Jefferies analyst Robert Dickerson is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.0% and a 62.16% success rate.
The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin' Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker's, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles 'n Bits, 9Lives, Nature's Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.