Safeway Receives Average Rating of “Hold” from Brokerages (NYSE:SWY)
Shares of Safeway (NYSE:SWY) have received a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, ARN reports. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.51.
Shares of Safeway (NYSE:SWY) opened at 34.51 on Wednesday. Safeway has a 52 week low of $22.2023 and a 52 week high of $36.034. The stock has a 50-day moving average of $34.45 and a 200-day moving average of $33.32. The company has a market cap of $8.448 billion and a price-to-earnings ratio of 2.42.
Safeway (NYSE:SWY) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.08. Analysts expect that Safeway will post $1.08 EPS for the current fiscal year.
Separately, analysts at Paradigm Capital cut their price target on shares of Safeway from $2.00 to $1.05 in a research note on Friday, July 18th.
Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.
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