Kroger PT Raised to $48.00 (KR)
Investment analysts at Credit Suisse boosted their target price on shares of Kroger (NYSE:KR) from $42.00 to $48.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price points to a potential upside of 12.41% from the stock’s previous close.
Shares of Kroger (NYSE:KR) traded down 0.33% during mid-day trading on Friday, hitting $42.70. The stock had a trading volume of 2,415,949 shares. Kroger has a one year low of $23.09 and a one year high of $39.98. The stock has a 50-day moving average of $41.25 and a 200-day moving average of $37.44. The company has a market cap of $22.222 billion and a P/E ratio of 14.26.
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.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a dividend of $0.17 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Kroger’s previous quarterly dividend of $0.15.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets initiated coverage on shares of Kroger in a research note to investors on Wednesday, October 16th. They set a “market perform” rating and a $44.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Kroger in a research note to investors on Monday, October 7th. They set a “hold” rating and a $45.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Kroger in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $46.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus price target of $40.70.
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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