The J. M. Smucker Company (NYSE:SJM) is included among the 11 Best Rising Dividend Stocks to Buy Right Now.
On May 15, Evercore ISI initiated coverage of The J. M. Smucker Company (NYSE:SJM) with an Outperform rating. It set a $117 price target on the stock. The firm said Smucker offers “a compelling valuation with superior growth prospects relative to peers.” The analyst expects a “robust” EPS compound annual growth rate of around 9% through FY28, driven mainly by a recovery in the coffee segment and gains from operational efficiencies.
Earlier, on May 4, Bernstein lowered its price recommendation on Smucker to $134 from $145. It reiterated an Outperform rating on the shares. The firm said the company remains its top pick, though it is reducing its FY27 earnings estimates. Based on discussions with management, Bernstein now expects the company’s FY27 guidance, which is expected in June, to come in only modestly above its long-term target of high-single-digit adjusted EPS growth.
The J. M. Smucker Company (NYSE:SJM) manufactures and markets branded food and beverage products worldwide. Its portfolio includes a range of consumer brands that are primarily sold through retail outlets across North America.
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