Kroger PT Raised to $41.00 at Telsey Advisory Group (KR)
Equities researchers at Telsey Advisory Group boosted their price objective on shares of Kroger (NYSE:KR) from $39.00 to $41.00 in a research report issued on Friday, Stock Ratings Network reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 6.16% from the company’s current price.
Shares of Kroger (NYSE:KR) opened at 38.62 on Friday. Kroger has a 52 week low of $23.09 and a 52 week 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 $20.015 billion and a price-to-earnings ratio of 13.31.
Kroger (NYSE:KR) last issued its quarterly 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. Analysts expect that Kroger will post $2.80 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Kroger (NYSE:KR) in a research note to investors on Tuesday, July 16th. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Kroger (NYSE:KR) from a “neutral” rating to a “sell” rating in a research note to investors on Friday, July 12th. They now have a $35.00 price target on the stock, up previously from $32.00. Finally, analysts at Scotiabank raised their price target on shares of Kroger (NYSE:KR) from $38.00 to $41.00 in a research note to investors on Thursday, July 11th.
Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Kroger presently has an average rating of “Hold” and an average price target of $36.60.
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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