Deutsche Bank Reconfirms Kroger (NYSE:KR) As a Buy; They Now Have a TP Of $48


Kroger (NYSE:KR) Rating Reaffirmed

Kroger (NYSE:KR) just had their share rating of a ‘Buy’ issued by research analysts at Deutsche Bank, who now has a $48 target price on the $39.36B market cap company or a 18.55% upside potential. This key information was unveiled in a note on 4 December.

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 $42.52 with a 6.57% above today’s ($40.48) stock price. Kroger was the topic of 13 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group maintained shares on October 28 with “Outperform” rating. Argus Research maintained shares with “Buy” rating and $43 target share price in a report from a September 14. Citigroup maintained KR stock in a recent report from September 17 with “Buy” rating. Pivotal Research maintained the rating on September 11. Pivotal Research has a “Buy” rating and a $46 price target on shares. Finally, S&P Research maintained the stock with “Strong Buy” rating in a report issued on a September 14.

Approximately 4.60M shares of stock traded hands. Kroger Co (NYSE:KR) has declined 43.09% since May 1, 2015 and is downtrending. It has underperformed by 40.31% 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 $39.36 billion. The Firm also makes and processes some of the food for sale in its supermarkets. It has 20 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).