The Kroger Rating Increased to Neutral at Goldman Sachs (KR)
The Kroger (NYSE:KR) was upgraded by investment analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $52.00 target price on the stock, up from their previous target price of $40.00. Goldman Sachs’ price objective would indicate a potential upside of 4.71% from the company’s current price.
The Kroger (NYSE:KR) traded up 0.68% on Friday, hitting $50.00. 1,376,053 shares of the company’s stock traded hands. The Kroger has a one year low of $33.22 and a one year high of $50.20. The stock has a 50-day moving average of $47.10 and a 200-day moving average of $42.46. The company has a market cap of $25.538 billion and a price-to-earnings ratio of 17.12.
The Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, June 19th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.04. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same quarter last year, the company posted $0.92 earnings per share. The Kroger’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that The Kroger will post $3.22 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer initiated coverage on shares of The Kroger in a research note on Monday, June 2nd. They set an “outperform” rating and a $55.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Kroger in a research note on Thursday, May 22nd. They now have a $53.00 price target on the stock, up previously from $48.00. Finally, analysts at Ned Davis Research upgraded shares of The Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.17.
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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