J.M. Smucker Reaches New 52-Week High (SJM)

NEW YORK ( TheStreet) -- J.M. Smucker (NYSE: SJM) hit a new 52-week high Friday as it is currently trading at $81.44, above its previous 52-week high of $81.40 with 8,373 shares traded as of 9:35 a.m. ET. Average volume has been 644,200 shares over the past 30 days.

J.M. Smucker has a market cap of $9.18 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 3.7% year to date as of the close of trading on Thursday.

The J. M. Smucker Company engages in manufacturing and marketing branded food products in the United States, Canada, and internationally. The company has a P/E ratio of 17.7, below the average food & beverage industry P/E ratio of 20.1 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates J.M. Smucker as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full J.M. Smucker Ratings Report.

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