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Supervalu (NYSE:SVU) shares reached a new 52-week high during mid-day trading on Tuesday , ARN reports. The stock traded as high as $9.74 and last traded at $9.71, with a volume of 1,712,455 shares traded. The stock had previously closed at $9.51.

SVU has been the subject of a number of recent research reports. Analysts at Telsey Advisory Group raised their price target on shares of Supervalu from $9.00 to $10.00 in a research note on Friday, July 25th. They now have a “not rated” rating on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Supervalu in a research note on Monday, July 21st. They now have a $10.00 price target on the stock, up previously from $9.00. Finally, analysts at Morgan Stanley initiated coverage on shares of Supervalu in a research note on Wednesday, June 25th. They set an “underweight” rating and a $7.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.31.

The stock has a 50-day moving average of $8.9 and a 200-day moving average of $7.43. The company has a market cap of $2.531 billion and a price-to-earnings ratio of 17.74.

Supervalu (NYSE:SVU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. The company had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company posted $0.14 earnings per share. Supervalu’s revenue was down .1% compared to the same quarter last year. Analysts expect that Supervalu will post $0.64 EPS for the current fiscal year.

SUPERVALU INC. (NYSE:SVU) is a United States grocery channel.

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