William Blair analyst Jon Andersen has maintained their neutral stance on SJM stock, giving a Hold rating today.
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Jon Andersen has given his Hold rating due to a combination of factors influencing JM Smucker’s financial performance. The company’s sales exceeded expectations by 1%, aligning with market consensus, while earnings per share also surpassed forecasts by the same margin. Despite these positive indicators, the growth in organic sales was primarily driven by price increases, which were partially offset by a decline in volume and mix.
Furthermore, the fiscal 2026 guidance for sales and earnings per share was maintained at their midpoints, with the ranges being narrowed but still encompassing the projections. These elements suggest a stable but not overly aggressive growth outlook, leading Andersen to adopt a cautious stance with a Hold rating, reflecting a balanced view of the company’s potential risks and rewards.
According to TipRanks, Andersen is an analyst with an average return of -2.9% and a 44.78% success rate. Andersen covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, J & J Snack Foods, and Hain Celestial.
In another report released today, Barclays also maintained a Hold rating on the stock with a $105.00 price target.