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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- J.M. Smucker (NYSE: SJM) hit a new 52-week high Tuesday as it is currently trading at $85.57, above its previous 52-week high of $85.51 with 277,903 shares traded as of 10:45 a.m. ET. Average volume has been 657,500 shares over the past 30 days.

J.M. Smucker has a market cap of $9.38 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.7% year to date as of the close of trading on Friday.

The J. M. Smucker Company engages in manufacturing and marketing branded food products primarily in the United States, Canada, and internationally. The company has a P/E ratio of 20.7, below the average food & beverage industry P/E ratio of 20.8 and above 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, solid stock price performance, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. 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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