UBS AG Increases Kroger Price Target to $38.00 (KR)
Investment analysts at UBS AG boosted their price objective on shares of Kroger (NYSE:KR) to $38.00 in a note issued to investors on Friday, American Banking News reports. UBS AG’s price target would indicate a potential downside of 1.61% from the stock’s previous close.
Shares of Kroger (NYSE:KR) traded up 0.73% on Friday, hitting $38.90. 1,903,703 shares of the company’s stock traded hands. 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 $20.160 billion and a P/E ratio of 13.31.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue 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.
A number of other analysts have also recently weighed in on KR. 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. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Kroger (NYSE:KR) in a research note to investors on Tuesday, July 16th.
Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $36.95.
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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