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 related to JM Smucker’s recent financial performance. The company’s earnings per share exceeded his expectations but fell short of the broader market consensus. While sales figures were strong, the gross margin did not meet expectations, indicating some underlying challenges in cost management.
Additionally, although the operating expense ratio was better than forecasted, the overall earnings quality was mixed. Management’s decision to raise sales guidance while keeping earnings guidance unchanged reflects a cautious outlook. These mixed signals contribute to a neutral estimate bias, leading to the Hold rating.
According to TipRanks, Andersen is a 4-star analyst with an average return of 9.1% and a 62.71% success rate. Andersen covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, J & J Snack Foods, and JM Smucker.
In another report released today, Barclays also maintained a Hold rating on the stock with a $105.00 price target.