SJM Price Prediction Next Week
Technical Analysis: Based on the technical indicators, SJM is currently in a bearish trend with RSI at 41.61, indicating slightly oversold conditions. The MACD at -1.16 suggests continued downward momentum. The stock is trading below both its 20-day SMA (103.81) and 200-day SMA (113.53), confirming the bearish trend.
News Impact: Recent significant news includes:
- The company announced divestiture of Cloverhill and Big Texas brands for $40M, which is expected to have immaterial effect on earnings.
- SJM saw positive movement amid market rotation into consumer staples stocks due to AI-related tech sector concerns.
Price Levels and Fibonacci Analysis: Key price levels for next week:
- Resistance levels: R1: $108.13, R2: $109.70, R3: $112.24
- Support levels: S1: $103.05, S2: $101.48, S3: $98.94
- Pivot point: $105.59
Price Prediction for Next Week: Based on technical indicators and recent news:
- Bearish scenario (60% probability): Stock likely to test S1 at $103.05, with potential further decline to S2 at $101.48
- Target price range: $101.50 - $103.50
Trading Recommendation: SELL
- Entry point: Current price ($102.81)
- First target: $101.48 (S2)
- Stop loss: $105.59 (Pivot)
Rationale:
- Technical indicators show bearish momentum
- Trading below key moving averages
- Recent divestiture announcement might create short-term uncertainty
- RSI indicates potential for further downside before reaching oversold conditions
SJM Similar Chart Price Prediction
The price of SJM is predicted to go up -1.4%, based on the high correlation periods with VOC. The similarity of these two price pattern on the periods is 96.69%.
SJM
VOC
Down: -1.4%Similarity: 96.69%
SJM Revenue Forecast
SJM EPS Forecast
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SJM VS S&P500
Even after paring back its pet exposure, Smucker has retained ownership of its strongest pet brands, which could allow it to benefit from the continued trend of increased pet ownership and spending.
Smucker's investment into Uncrustables' capacity and innovation should allow it to leverage its success in frozen sandwiches with new flavors and offerings, further boosting growth.
Despite years of languishing market share, Smucker is in a position to revitalize Folgers with new product innovation and rebranding to drive more robust top-line growth.
SJM Analyst's Forecast
Matthew Smith
Stifel
Hold
2025-01-24
Price Target
$125 → $120
Upside
+15.71%
Stifel analyst Matthew Smith lowered the firm's price target on J.M. Smucker to $120 from $125 and keeps a Hold rating on the shares. The firm, which maintains a Neutral weighting for the Food group, says the group's valuation discount to historical levels is primarily reflecting the weak revenue outlook and reinvestment requirements pressuring margins. While valuation remains compelling in relation to history for the food stocks, the firm remains cautious given the uncertainty in revenue growth pacing in 2025, noting that estimates 3% EPS growth in 2025 in constant currency for the group, supported by 2% organic sales growth, partially offset by margin compression due to inflation and higher investment levels.
Robert Moskow
TD Cowen
Strong Buy → Hold
2025-01-08
Price Target
$130 → $121
Upside
+14.77%
Andrew Lazar
Barclays
Hold
2024-12-04
Price Target
$126 → $123
Upside
+6.55%
