Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Receives Consensus Recommendation of “Buy” from Analysts

Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have recently issued reports on JRONY. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada assumed coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They issued a “moderate buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Finally, Jefferies Financial Group raised shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st.

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Jeronimo Martins SGPS Price Performance

Jeronimo Martins SGPS stock opened at $40.86 on Monday. The stock has a 50-day moving average price of $40.61 and a two-hundred day moving average price of $42.85. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. Jeronimo Martins SGPS has a 12 month low of $36.67 and a 12 month high of $52.97. The company has a market capitalization of $12.86 billion, a PE ratio of 17.39, a P/E/G ratio of 1.63 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%.The firm had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.74 billion. Analysts expect that Jeronimo Martins SGPS will post 2.69 EPS for the current year.

Jeronimo Martins SGPS Company Profile

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Jeronimo Martins SGPS, SA is a Portugal-based international food distribution and specialized retail group. The company operates supermarkets, discount stores, cash-and-carry outlets and specialty retail businesses, serving consumers and professional customers through a portfolio of established brands.

In Portugal, Jerónimo Martins operates Pingo Doce supermarkets and Recheio cash-and-carry stores, along with specialty businesses including Hussel confectionery shops and Jeronymo cafés.

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