Stock Analysis:The Kroger Co (NYSE:KR) Target Raised
In a recent report distributed by BB&T Capital Markets on 4 December, The Kroger Co (NYSE:KR) had its Estimated Target Price upgraded to $44.00. The firm now has a solid Buy rating on shares.
From a total of 20 analysts covering Kroger (NYSE:KR) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is $50 while the lowest target price is $33. The mean of all analyst targets is $43.48 with a 8.07% above today’s ($40.54) stock price. Kroger was the topic of 16 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Buy” rating. Argus Research maintained shares with “Buy” rating and $43 target share price in a report from a September 14. Telsey Advisory Group maintained KR stock in a recent report from December 4 with “Outperform” rating. S&P Research maintained the rating on September 14. S&P Research has a “Strong Buy” rating and a $47 price target on shares. Finally, Jefferies maintained the stock with “Hold” rating in a report issued on a September 14.
The stock increased 1.64% or $0.65 on December 4, striking $40.54. Approximately shares of stock traded hands. Kroger Co (NYSE:KR) has declined 42.08% since May 4, 2015 and is downtrending. It has underperformed by 41.00% the S&P500.
The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The company has a market cap of $39.47 billion. The Firm also makes and processes some of the food for sale in its supermarkets. It has 20.04 P/E ratio. The Firm operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers.
According to Zacks Investment Research, “Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.” Get a free copy of the Zacks research report on Kroger Co (KR).