SUPERVALU Inc. Reaches New 12-Month High at $8.46 (SVU)
SUPERVALU (NYSE:SVU) set a new 52-week high during trading hours on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $8.46 and last traded at $8.29, with a volume of 5,244,028 shares. The stock had previously closed at $8.13.
SVU has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of SUPERVALU (NYSE:SVU) in a research note to investors on Tuesday, September 3rd. They now have a $7.50 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of SUPERVALU (NYSE:SVU) from $6.00 to $8.00 in a research note to investors on Monday, July 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of SUPERVALU (NYSE:SVU) from $7.00 to $9.00 in a research note to investors on Friday, July 19th. They now have a “neutral” rating on the stock.
One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. SUPERVALU currently has an average rating of “Hold” and an average target price of $6.02.
SUPERVALU has a 52 week low of $1.80 and a 52 week high of $8.26. The stock’s 50-day moving average is $7.54 and its 200-day moving average is $6.48. The company’s market cap is $2.144 billion.
SUPERVALU (NYSE:SVU) last announced its earnings results on Thursday, July 18th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.10. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that SUPERVALU will post $0.44 earnings per share for the current fiscal year.
SUPERVALU INC. (NYSE:SVU) is a United States grocery channel.
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