Kroger Price Target Raised to $40.00 at Barclays Capital (KR)
Equities research analysts at Barclays Capital hoisted their price target on shares of Kroger (NYSE:KR) from $32.00 to $40.00 in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price target suggests a potential upside of 3.57% from the stock’s previous close.
Shares of Kroger (NYSE:KR) traded up 0.96% during mid-day trading on Friday, hitting $38.99. The stock had a trading volume of 2,514,110 shares. Kroger has a one year low of $23.09 and a one year high of $39.98. The stock’s 50-day moving average is $38.21 and its 200-day moving average is $34.9. The company has a market cap of $20.206 billion and a P/E ratio of 13.31.
Kroger (NYSE:KR) last released its earnings data on Thursday, September 12th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $22.70 billion for the quarter, compared to the consensus estimate of $22.67 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Kroger will post $2.80 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of Kroger (NYSE:KR) to $38.00 in a research note to investors on Friday. Separately, analysts at Argus raised their price target on shares of Kroger (NYSE:KR) from $40.00 to $43.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Kroger (NYSE:KR) from $39.00 to $41.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock.
Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Kroger currently has an average rating of “Buy” and an average target price of $37.35.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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