The Kroger Receives “Overweight” Rating from JPMorgan Chase & Co. (KR)
The Kroger (NYSE:KR)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $56.00 price target on the stock, up from their previous price target of $53.00. JPMorgan Chase & Co.’s price objective points to a potential upside of 12.77% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of The Kroger in a research note on Friday. They now have a $48.00 price target on the stock, up previously from $40.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of The Kroger in a research note on Friday. They now have a $55.00 price target on the stock, up previously from $50.00. Finally, analysts at Goldman Sachs upgraded shares of The Kroger from a “sell” rating to a “neutral” rating in a research note on Friday. They now have a $52.00 price target on the stock, up previously from $40.00. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $46.06.
The Kroger (NYSE:KR) traded up 0.60% on Friday, hitting $49.96. 4,724,522 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’s 50-day moving average is $47.10 and its 200-day moving average is $42.46. The company has a market cap of $25.518 billion and a P/E 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. Analysts expect that The Kroger will post $3.22 EPS for the current fiscal year.
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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