J. M. Smucker Company (SJM) Stock Forecast, Price Target & Predictions
SJM Stock Forecast
J. M. Smucker Company stock forecast is as follows: an average price target of $135.23 (represents a 12.96% upside from SJM’s last price of $119.71) and a rating consensus of 'Hold', based on 14 wall street analysts offering a 1-year stock forecast.
SJM Price Target
The average price target for J. M. Smucker Company (SJM) is $135.23 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $165.00 to $121.00. This represents a potential 12.96% upside from SJM's last price of $119.71.
SJM Analyst Ratings
According to 14 Wall Street analysts, J. M. Smucker Company's rating consensus is 'Hold'. The analyst rating breakdown for SJM stock is 0 'Strong Buy' (0.00%), 6 'Buy' (42.86%), 7 'Hold' (50.00%), 1 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).
J. M. Smucker Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 30, 2024 | Andrew Lazar | Barclays | $121.00 | $113.79 | 6.34% | 1.08% |
| Aug 29, 2024 | Thomas Palmer | Coker Palmer | $136.00 | $113.79 | 19.52% | 13.61% |
| Aug 20, 2024 | Thomas Palmer | Citigroup | $138.00 | $120.93 | 14.12% | 15.28% |
| Jun 13, 2024 | Taylor Conrad | Argus Research | $135.00 | $110.13 | 22.58% | 12.77% |
| Jun 07, 2024 | Alexia Howard | Bernstein | $121.00 | $115.00 | 5.22% | 1.08% |
| Jun 06, 2024 | Thomas Palmer | Coker Palmer | $139.00 | $115.37 | 20.48% | 16.11% |
| Jun 06, 2024 | Arun Sundaram | CFRA | $131.00 | $115.43 | 13.49% | 9.43% |
| Jun 06, 2024 | Michael Kaye | Wells Fargo | $140.00 | $116.42 | 20.25% | 16.95% |
| Jun 06, 2024 | Ken Goldman | Goldman Sachs | $128.00 | $116.94 | 9.46% | 6.93% |
| Jun 06, 2024 | Matthew Smith | Stifel Nicolaus | $135.00 | $116.94 | 15.45% | 12.77% |
The latest J. M. Smucker Company stock forecast, released on Aug 30, 2024 by Andrew Lazar from Barclays, set a price target of $121.00, which represents a 6.34% increase from the stock price at the time of the forecast ($113.79), and a 1.08% increase from SJM last price ($119.71).
J. M. Smucker Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 3 | 14 |
| Avg Price Target | $131.67 | $131.67 | $131.57 |
| Last Closing Price | $119.71 | $119.71 | $119.71 |
| Upside/Downside | 9.99% | 9.99% | 9.91% |
In the current month, the average price target of J. M. Smucker Company stock is $131.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 9.99% increase as opposed to J. M. Smucker Company's last price of $119.71. This month's average price target is down 0.00% compared to last quarter, and up 0.08% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 29, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 20, 2024 | Citigroup | Buy | Buy | Hold |
| Jun 07, 2024 | Bernstein | Market Perform | Market Perform | Hold |
| Jun 07, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 06, 2024 | CFRA | Hold | Hold | Hold |
| Jun 06, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| May 31, 2024 | Citigroup | Buy | Buy | Hold |
| May 23, 2024 | Jefferies | Hold | Hold | Hold |
| May 20, 2024 | Deutsche Bank | Hold | Hold | Hold |
J. M. Smucker Company's last stock rating was published by Barclays on Aug 30, 2024. The company gave SJM a "Equal-Weight" rating, the same as its previous rate.
J. M. Smucker Company Financial Forecast
J. M. Smucker Company Revenue Forecast
| May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.23B | $1.94B | $1.81B | - | $2.22B | $2.21B | $1.87B | $2.03B | $2.06B | $2.05B | $1.86B | $1.92B | $2.08B | $2.03B | $1.97B | $2.09B | $1.97B |
| Avg Forecast | $2.34B | $2.35B | $2.33B | $2.20B | $2.30B | $2.32B | $2.29B | $2.17B | $2.25B | $2.27B | $2.25B | $2.13B | $2.24B | $2.22B | $1.95B | $1.84B | $2.17B | $2.22B | $2.17B | $1.87B | $1.98B | $2.04B | $1.95B | $1.80B | $1.88B | $2.01B | $2.01B | $1.81B | $2.04B | $1.97B |
| High Forecast | $2.36B | $2.38B | $2.36B | $2.22B | $2.32B | $2.34B | $2.32B | $2.19B | $2.28B | $2.29B | $2.27B | $2.16B | $2.26B | $2.24B | $1.99B | $1.86B | $2.19B | $2.24B | $2.20B | $1.91B | $2.02B | $2.07B | $1.98B | $1.82B | $1.91B | $2.04B | $2.04B | $1.84B | $2.08B | $2.00B |
| Low Forecast | $2.32B | $2.34B | $2.32B | $2.18B | $2.28B | $2.30B | $2.28B | $2.15B | $2.24B | $2.26B | $2.23B | $2.12B | $2.22B | $2.20B | $1.93B | $1.82B | $2.16B | $2.20B | $2.16B | $1.85B | $1.96B | $2.02B | $1.94B | $1.78B | $1.86B | $1.99B | $1.99B | $1.80B | $2.03B | $1.95B |
| # Analysts | 4 | 6 | 5 | 4 | 8 | 5 | 3 | 3 | 6 | 9 | 9 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 10 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 0.98% | - | 1.00% | 1.01% | 1.00% | 1.03% | 1.01% | 1.05% | 1.03% | 1.02% | 1.04% | 1.01% | 1.09% | 1.02% | 1.00% |
J. M. Smucker Company's average Quarter revenue forecast for May 24 based on 6 analysts is $2.24B, with a low forecast of $2.22B, and a high forecast of $2.26B. SJM's average Quarter revenue forecast represents a 0.54% increase compared to the company's last Quarter revenue of $2.23B (Jan 24).
J. M. Smucker Company EBITDA Forecast
| May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 5 | 4 | 8 | 5 | 3 | 3 | 6 | 9 | 9 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 10 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $297.40M | $298.90M | $303.50M | - | $429.30M | $406.00M | $292.30M | $415.20M | $264.30M | $425.00M | $362.20M | $350.40M | $515.50M | $462.20M | $473.40M | $457.40M | $399.70M |
| Avg Forecast | $500.41M | $504.18M | $499.88M | $470.96M | $492.51M | $497.08M | $491.27M | $464.79M | $482.51M | $487.34M | $482.29M | $457.05M | $283.08M | $475.60M | $416.82M | $393.65M | $257.34M | $475.07M | $394.18M | $400.99M | $414.61M | $343.75M | $358.35M | $304.24M | $454.30M | $429.04M | $302.47M | $401.47M | $378.19M | $412.77M |
| High Forecast | $505.54M | $509.36M | $505.01M | $475.80M | $497.57M | $502.18M | $496.32M | $469.56M | $487.46M | $491.61M | $486.58M | $461.74M | $339.70M | $480.48M | $425.33M | $397.69M | $308.81M | $479.95M | $473.02M | $410.08M | $422.87M | $412.50M | $430.02M | $365.09M | $545.16M | $514.85M | $362.96M | $481.77M | $453.83M | $495.32M |
| Low Forecast | $496.62M | $500.37M | $496.10M | $467.40M | $488.79M | $493.33M | $487.56M | $461.28M | $478.86M | $485.20M | $478.00M | $453.60M | $226.46M | $472.00M | $412.57M | $390.68M | $205.88M | $471.48M | $315.35M | $396.64M | $410.39M | $275.00M | $286.68M | $243.39M | $363.44M | $343.23M | $241.97M | $321.18M | $302.55M | $330.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.63% | 0.72% | 0.77% | - | 0.90% | 1.03% | 0.73% | 1.00% | 0.77% | 1.19% | 1.19% | 0.77% | 1.20% | 1.53% | 1.18% | 1.21% | 0.97% |
6 analysts predict SJM's average Quarter EBITDA for May 24 to be $283.08M, with a high of $339.70M and a low of $226.46M. This is -4.82% lower than J. M. Smucker Company's previous annual EBITDA (Jan 24) of $297.40M.
J. M. Smucker Company Net Income Forecast
| May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 5 | 4 | 8 | 5 | 3 | 3 | 6 | 9 | 9 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 10 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $120.40M | $194.90M | $183.60M | - | $208.50M | $191.10M | $109.80M | $202.10M | $69.70M | $206.00M | $153.90M | $147.00M | $261.50M | $230.80M | $237.00M | $226.30M | $187.40M |
| Avg Forecast | $304.30M | $309.12M | $298.09M | $272.12M | $281.77M | $289.67M | $283.84M | $269.29M | $254.92M | $263.47M | $264.74M | $230.61M | $74.65M | $241.38M | $262.52M | $214.35M | $67.87M | $226.92M | $167.49M | $135.38M | $199.08M | $166.62M | $152.26M | $127.63M | $230.45M | $214.24M | $151.42M | $198.63M | $177.32M | $198.31M |
| High Forecast | $308.36M | $313.24M | $302.07M | $275.75M | $285.53M | $293.54M | $287.63M | $272.88M | $258.32M | $268.76M | $271.14M | $233.68M | $89.58M | $244.60M | $267.83M | $217.21M | $81.44M | $229.95M | $200.99M | $139.36M | $204.24M | $199.94M | $182.72M | $153.16M | $276.55M | $257.09M | $181.71M | $238.36M | $212.78M | $237.97M |
| Low Forecast | $301.31M | $306.08M | $295.17M | $269.45M | $279.00M | $286.83M | $281.05M | $266.64M | $252.42M | $257.12M | $257.26M | $228.34M | $59.72M | $239.01M | $255.08M | $212.24M | $54.29M | $224.69M | $133.99M | $133.47M | $196.45M | $133.29M | $121.81M | $102.11M | $184.36M | $171.39M | $121.14M | $158.90M | $141.85M | $158.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.50% | 0.74% | 0.86% | - | 0.92% | 1.14% | 0.81% | 1.02% | 0.42% | 1.35% | 1.21% | 0.64% | 1.22% | 1.52% | 1.19% | 1.28% | 0.94% |
J. M. Smucker Company's average Quarter net income forecast for May 24 is $74.65M, with a range of $59.72M to $89.58M. SJM's average Quarter net income forecast represents a -38.00% decrease compared to the company's last Quarter net income of $120.40M (Jan 24).
J. M. Smucker Company SG&A Forecast
| May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 5 | 4 | 8 | 5 | 3 | 3 | 6 | 9 | 9 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 10 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $374.20M | $333.50M | $313.60M | - | $380.90M | $354.30M | $343.80M | $352.60M | $336.00M | $347.70M | $324.00M | $411.10M | $371.70M | $382.80M | $357.50M | $373.40M | $358.90M |
| Avg Forecast | $416.14M | $419.28M | $415.70M | $391.65M | $409.57M | $413.37M | $408.54M | $386.52M | $401.25M | $405.27M | $401.07M | $380.08M | $359.87M | $395.51M | $346.63M | $327.36M | $327.16M | $395.07M | $352.61M | $333.47M | $360.93M | $281.23M | $320.55M | $356.94M | $327.57M | $355.33M | $228.41M | $327.74M | $339.59M | $339.44M |
| High Forecast | $420.41M | $423.58M | $419.96M | $395.67M | $413.78M | $417.62M | $412.74M | $390.48M | $405.37M | $408.82M | $404.64M | $383.99M | $431.85M | $399.56M | $353.70M | $330.72M | $392.59M | $399.12M | $423.13M | $341.02M | $368.13M | $337.47M | $384.66M | $428.33M | $393.09M | $426.40M | $274.10M | $393.29M | $407.50M | $407.32M |
| Low Forecast | $412.99M | $416.11M | $412.56M | $388.69M | $406.48M | $410.25M | $405.46M | $383.60M | $398.22M | $403.49M | $397.51M | $377.21M | $287.90M | $392.52M | $343.09M | $324.89M | $261.73M | $392.08M | $282.09M | $329.85M | $357.27M | $224.98M | $256.44M | $285.55M | $262.06M | $284.27M | $182.73M | $262.20M | $271.67M | $271.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.96% | 0.96% | - | 0.96% | 1.00% | 1.03% | 0.98% | 1.19% | 1.08% | 0.91% | 1.25% | 1.05% | 1.68% | 1.09% | 1.10% | 1.06% |
J. M. Smucker Company's average Quarter SG&A projection for May 24 is $359.87M, based on 6 Wall Street analysts, with a range of $287.90M to $431.85M. The forecast indicates a -3.83% fall compared to SJM last annual SG&A of $374.20M (Jan 24).
J. M. Smucker Company EPS Forecast
| May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 6 | 5 | 4 | 8 | 5 | 3 | 3 | 6 | 9 | 9 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 10 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.96 | $1.79 | $1.03 | $1.88 | $0.64 | $1.90 | $1.42 | $1.35 | $2.32 | $2.02 | $2.08 | $1.98 | $1.64 |
| Avg Forecast | $2.86 | $2.91 | $2.80 | $2.56 | $2.65 | $2.73 | $2.67 | $2.53 | $2.40 | $2.48 | $2.49 | $2.17 | $2.35 | $2.27 | $2.47 | $2.02 | $2.41 | $2.13 | $2.18 | $1.27 | $1.88 | $2.09 | $2.05 | $1.89 | $1.67 | $2.19 | $2.23 | $1.67 | $2.28 | $2.23 |
| High Forecast | $2.90 | $2.95 | $2.84 | $2.59 | $2.69 | $2.76 | $2.71 | $2.57 | $2.43 | $2.53 | $2.55 | $2.20 | $2.38 | $2.30 | $2.52 | $2.04 | $2.45 | $2.16 | $2.21 | $1.31 | $1.93 | $2.13 | $2.09 | $1.92 | $1.70 | $2.24 | $2.27 | $1.71 | $2.32 | $2.27 |
| Low Forecast | $2.83 | $2.88 | $2.78 | $2.53 | $2.62 | $2.70 | $2.64 | $2.51 | $2.37 | $2.42 | $2.42 | $2.15 | $2.32 | $2.25 | $2.40 | $2.00 | $2.39 | $2.11 | $2.16 | $1.25 | $1.86 | $2.07 | $2.02 | $1.86 | $1.65 | $2.17 | $2.20 | $1.66 | $2.25 | $2.20 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.82% | 0.81% | 1.00% | 0.31% | 0.93% | 0.75% | 0.81% | 1.06% | 0.91% | 1.24% | 0.87% | 0.74% |
According to 6 Wall Street analysts, J. M. Smucker Company's projected average Quarter EPS for May 23 is $2.41, with a low estimate of $2.39 and a high estimate of $2.45. This represents a 23.16% increase compared to SJM previous annual EPS of $1.96 (Jan 23).
J. M. Smucker Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LW | Lamb Weston | $65.69 | $109.60 | 66.84% | Buy |
| HRL | Hormel Foods | $32.37 | $45.33 | 40.04% | Hold |
| KHC | Kraft Heinz Company | $35.04 | $42.31 | 20.75% | Buy |
| SJM | J. M. Smucker Company | $119.71 | $135.23 | 12.96% | Hold |
| CAG | Conagra Brands | $32.56 | $35.53 | 9.12% | Hold |
| GIS | General Mills | $74.50 | $74.80 | 0.40% | Hold |
| CPB | Campbell Soup Company | $51.52 | $48.22 | -6.41% | Hold |
| K | Kellanova | $80.64 | $74.03 | -8.20% | Hold |
| MKC | McCormick & Company | $84.50 | $77.57 | -8.20% | Buy |
SJM Forecast FAQ
Is J. M. Smucker Company a good buy?
No, according to 14 Wall Street analysts, J. M. Smucker Company (SJM) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 42.86% of SJM's total ratings.
What is SJM's price target?
J. M. Smucker Company (SJM) average price target is $135.23 with a range of $121 to $165, implying a 12.96% from its last price of $119.71. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will J. M. Smucker Company stock go up soon?
According to Wall Street analysts' prediction for SJM stock, the company can go up by 12.96% (from the last price of $119.71 to the average price target of $135.23), up by 37.83% based on the highest stock price target, and up by 1.08% based on the lowest stock price target.
Can J. M. Smucker Company stock reach $200?
SJM's average twelve months analyst stock price target of $135.23 does not support the claim that J. M. Smucker Company can reach $200 in the near future.
What is J. M. Smucker Company's current price target trend?
3 Wall Street analysts forecast a $131.67 price target for J. M. Smucker Company (SJM) this month, up 9.99% from its last price of $119.71. Compared to the last 3 and 12 months, the average price target increased by 9.99% and increased by 9.91%, respectively.
Did the SJM's actual financial results beat the analysts' financial forecasts?
Based on J. M. Smucker Company's last annual report (Apr 2022), the company's revenue was $8B, beating the average analysts forecast of $7.77B by 2.95%. Apple's EBITDA was $1.62B, beating the average prediction of $1.42B by 14.16%. The company's net income was $631.7M, missing the average estimation of $645.59M by -2.15%. Apple's SG&A was $1.36B, beating the average forecast of $1.32B by 3.08%. Lastly, the company's EPS was $5.84, missing the average prediction of $7.9 by -26.09%. In terms of the last quarterly report (Jan 2024), J. M. Smucker Company's revenue was $2.23B, beating the average analysts' forecast of $2.22B by 0.42%. The company's EBITDA was $297.4M, missing the average prediction of $475.6M by -37.47%. J. M. Smucker Company's net income was $120.4M, missing the average estimation of $241.38M by -50.12%. The company's SG&A was $374.2M, missing the average forecast of $395.51M by -5.39%. Lastly, the company's EPS was $0, missing the average prediction of $2.27 by -100.00%