Jeronimo Martins SGPS (OTCMKTS:JRONY) Sees Large Volume Increase – What’s Next?

Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 35,057 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 24,901 shares. The stock last traded at $40.86 and had previously closed at $40.91.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Jefferies Financial Group raised Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research note on Monday, September 21st. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They set a “moderate buy” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Finally, Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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Jeronimo Martins SGPS Stock Performance

The business’s fifty day moving average price is $40.75 and its 200-day moving average price is $42.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The stock has a market cap of $12.85 billion, a PE ratio of 17.38, a P/E/G ratio of 1.65 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12. The company had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a net margin of 1.73% and a return on equity of 20.03%. As a group, equities research analysts forecast that Jeronimo Martins SGPS SA will post 2.69 EPS for the current fiscal year.

About Jeronimo Martins SGPS

(Get Free Report)

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.

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