The J. M. Smucker Company (SJM) Catches Eye: Stock Up 6.5%
The J. M. Smucker Company (SJM) was a big mover last session, as the company saw its shares rise over 6% on the day. The company posted better-than-expected earnings and revenues in the first quarter of fiscal 2016 owing to recent acquisitions and the launch of Dunkin’ Donuts K-cup pods, which led to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the price range of $106.85 to $113.49 in the past one-month time frame.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
J. M. Smucker currently has a Zacks Rank #3 (Hold).
An attractive stock in the same industry worth considering includes Omega Protein Corporation (OME) carrying a Zacks Rank #1 (Strong Buy).
Is SJM going up? Or down? Predict to see what others think: Up or Down
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SMUCKER JM (SJM): Free Stock Analysis Report
OMEGA PROTEIN (OME): Free Stock Analysis Report
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