Roundy’s Upgraded by Zacks to Neutral (RNDY)
Roundy’s (NASDAQ:RNDY) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a $8.30 price target on the stock. Zacks‘ target price would indicate a potential upside of 2.47% from the company’s current price.
A number of other firms have also recently commented on RNDY. Analysts at Deutsche Bank initiated coverage on shares of Roundy’s in a research note to investors on Wednesday, September 25th. They set a “hold” rating and a $8.50 price target on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Roundy’s from $7.00 to $6.00 in a research note to investors on Friday, August 9th. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $6.97.
Shares of Roundy’s (NASDAQ:RNDY) traded up 1.36% during mid-day trading on Wednesday, hitting $8.21. 153,210 shares of the company’s stock traded hands. Roundy’s has a 1-year low of $3.69 and a 1-year high of $9.87. The stock’s 50-day moving average is $8.7 and its 200-day moving average is $8.06. The company’s market cap is $369.2 million.
Roundy’s (NASDAQ:RNDY) last announced its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The company had revenue of $980.30 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Roundy’s will post $0.81 EPS for the current fiscal year.
Roundy’s, Inc, formerly Roundy’s Parent Company, Inc, is a retail grocery company headquartered in Milwaukee, Wisconsin.
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