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Hilliard Lyons Starts J.M. Smucker as “Neutral”; Stock Looks Fairly Valued (SJM)

By Dividend.com,  October 08, 2012, 09:05:29 AM EDT

Packaged foods maker The J.M. Smucker Company ( SJM ) on Monday received some tepid commentary from analysts at Hilliard Lyons.

The firm initiated coverage on SJM with a "Neutral" rating, noting the stock is fairly valued at current levels.

A Hilliard Lyons analyst commented, "We like the company's high quality product portfolio, strong market share positions, good history of earnings and dividend growth, and generation of free cash flow. We also consider the management team, including the acumen and active leadership of the Smucker family, a key positive factor. With the shares slightly above average historical valuations, we prefer to wait for a slightly lower price for potential purchases."

J.M Smucker shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of J.M. Smucker Company ( SJM ) have a 2.41% dividend yield, based on Friday's closing stock price of $86.45. The stock has technical support in the $81-$82 price area. The shares are trading near all-time highs.

The J.M. Smucker Company ( SJM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: SJM



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