JM Smucker (SJM) Hits New Lifetime High Today

Trade-Ideas LLC identified JM Smucker (SJM) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

JM Smucker

(

SJM

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified JM Smucker as such a stock due to the following factors:

  • SJM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $185.9 million.
  • SJM has traded 21,414 shares today.
  • SJM is trading at a new lifetime high.

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More details on SJM:

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The stock currently has a dividend yield of 1.8%. SJM has a PE ratio of 26. Currently there are 3 analysts that rate JM Smucker a buy, 1 analyst rates it a sell, and 9 rate it a hold.

The average volume for JM Smucker has been 929,900 shares per day over the past 30 days. JM Smucker has a market cap of $17.7 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.56 and a short float of 3.7% with 3.04 days to cover. Shares are up 23.3% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates JM Smucker as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • SJM's revenue growth has slightly outpaced the industry average of 16.6%. Since the same quarter one year prior, revenues rose by 24.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 296.34% and other important driving factors, this stock has surged by 40.58% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • SMUCKER (JM) CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SMUCKER (JM) CO increased its bottom line by earning $5.77 versus $3.45 in the prior year. This year, the market expects an improvement in earnings ($7.70 versus $5.77).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 311.5% when compared to the same quarter one year prior, rising from -$90.30 million to $191.00 million.

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