Kepler Capital Markets Upgrades Jeronimo Martins SGPS (OTCMKTS:JRONY) to Strong-Buy

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

JRONY has been the subject of several other research reports. Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. Royal Bank Of Canada began coverage on Jeronimo Martins SGPS in a report on Monday. They set a “moderate buy” rating on the stock. Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Finally, Zacks Research raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Jeronimo Martins SGPS Stock Performance

Shares of JRONY stock opened at $36.86 on Wednesday. The stock has a market cap of $11.60 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.82. The stock has a 50-day moving average of $41.79 and a 200-day moving average of $46.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.62 and a quick ratio of 0.37. Jeronimo Martins SGPS has a one year low of $36.67 and a one year high of $53.48.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%.The firm had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.40 billion. As a group, sell-side analysts expect that Jeronimo Martins SGPS will post 2.78 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.