Zacks Reiterates Neutral Rating for The Kroger (KR)
The Kroger (NYSE:KR)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Tuesday. They currently have a $52.00 target price on the stock. Zacks‘s price objective points to a potential upside of 5.26% from the stock’s previous close.
A number of other firms have also recently commented on KR. Analysts at Hilliard Lyons downgraded shares of The Kroger from a “buy” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. Separately, analysts at Argus raised their price target on shares of The Kroger from $49.00 to $55.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Kroger in a research note on Friday. They now have a $56.00 price target on the stock, up previously from $53.00. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Kroger presently has an average rating of “Buy” and a consensus price target of $47.41.
The Kroger (NYSE:KR) traded down 0.23% during mid-day trading on Tuesday, hitting $49.2845. The stock had a trading volume of 1,367,840 shares. The Kroger has a 1-year low of $33.24 and a 1-year high of $50.20. The stock’s 50-day moving average is $47.2 and its 200-day moving average is $42.58. The company has a market cap of $23.903 billion and a P/E ratio of 16.72.
The Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, June 19th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that The Kroger will post $3.27 earnings per share 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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