J. M. Smucker (SJM) Stock Forecast & Price Target

$120.98

-0.60 (-0.49%)

(As of 08/21/2024 ET)

J. M. Smucker - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for J. M. Smucker in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 8 have given a hold rating, and 5 have given a buy rating for SJM.

Consensus Price Target

$132.57
9.58% Upside

High Forecast	$154.00
Average Forecast	$132.57
Low Forecast	$119.00

According to the 13 analysts' twelve-month price targets for J. M. Smucker, the average price target is $132.57. The highest price target for SJM is $154.00, while the lowest price target for SJM is $119.00. The average price target represents a forecasted upside of 9.58% from the current price of $120.98.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$132.57	$132.64	$137.47	$154.50
Forecasted Upside	9.58% Upside	10.23% Upside	11.08% Upside	4.36% Upside

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SJM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SJM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

J. M. Smucker Stock vs. The Competition

Type	J. M. Smucker	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.38	2.44	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	9.58% Upside	746.12% Upside	8.75% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$139.00 ➝ $138.00	+13.31%
6/13/2024	Argus 2 of 5 stars	T. Conrad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$150.00 ➝ $135.00	+23.64%
6/10/2024	DA Davidson 3 of 5 stars	B. Holland Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$132.00 ➝ $126.00	+11.19%
6/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$132.00 ➝ $123.00	+7.75%
6/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$140.00 ➝ $135.00	+16.52%
2/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$126.00 ➝ $128.00	+2.87%
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2/28/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$135.00	+9.93%
12/12/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$140.00	+15.23%
12/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$125.00 ➝ $126.00	+7.09%
12/6/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight	$122.00	+5.06%
11/14/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$123.00 ➝ $119.00	+10.03%
9/14/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$170.00 ➝ $145.00	+12.92%
9/1/2023	Consumer Edge Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$154.00	+6.24%
8/29/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$129.00 ➝ $130.00	-10.92%
6/8/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/31/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$159.00 ➝ $157.00	+8.02%
12/15/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$145.00 ➝ $165.00	+7.02%
11/15/2022	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$138.00	-2.58%
11/15/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:42 AM ET.

SJM Forecast - Frequently Asked Questions

What is J. M. Smucker's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for J. M. Smucker is $132.57, with a high forecast of $154.00 and a low forecast of $119.00.
Should I buy or sell J. M. Smucker stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SJM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SJM, but not buy additional shares or sell existing shares.
Does J. M. Smucker's stock price have much upside?: According to analysts, J. M. Smucker's stock has a predicted upside of 9.71% based on their 12-month stock forecasts.
What analysts cover J. M. Smucker?: J. M. Smucker has been rated by research analysts at Argus, Barclays, Citigroup, DA Davidson, and TD Cowen in the past 90 days.
Do Wall Street analysts like J. M. Smucker more than its competitors?: Analysts like J. M. Smucker less than other "consumer staples" companies. The consensus rating score for J. M. Smucker is 2.38 while the average consensus rating score for "consumer staples" companies is 2.44. Learn more on how SJM compares to other companies.