Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Rating Lowered by Zacks Research

Jeronimo Martins SGPS (OTCMKTS:JRONY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

Several other analysts have also weighed in on JRONY. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. 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 began coverage on shares of Jeronimo Martins SGPS in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. Jefferies Financial Group raised shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Finally, Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a report on Friday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Jeronimo Martins SGPS presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Up 2.5%

OTCMKTS JRONY opened at $38.59 on Wednesday. Jeronimo Martins SGPS has a twelve month low of $36.67 and a twelve month high of $52.97. The stock has a market cap of $12.14 billion, a PE ratio of 16.42, a PEG ratio of 1.73 and a beta of 0.77. The firm has a 50-day simple moving average of $40.68 and a 200 day simple moving average of $42.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.12. The firm had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. On average, research analysts forecast that Jeronimo Martins SGPS will post 2.53 EPS for the current year.

Jeronimo Martins SGPS Company Profile

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.