The Kroger Stock Rating Reaffirmed by Goldman Sachs (KR)
A number of other firms have also recently commented on KR. Analysts at Prime Executions initiated coverage on shares of The Kroger in a research note on Thursday, July 24th. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at BMO Capital Markets upgraded shares of The Kroger from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a $58.00 price target on the stock, up previously from $52.00. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Kroger in a research note on Thursday, June 26th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The Kroger presently has a consensus rating of “Buy” and an average target price of $50.71.
The Kroger (NYSE:KR) remained flat at $50.17 during trading on Monday. The stock had a trading volume of 1,519,101 shares. The Kroger has a 1-year low of $35.13 and a 1-year high of $51.49. The stock has a 50-day moving average of $49.61 and a 200-day moving average of $45.3. The company has a market cap of $24.529 billion and a price-to-earnings ratio of 16.98.
The Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, June 19th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts predict that The Kroger will post $3.28 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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