The Kroger Receives Consensus Rating of “Buy” from Analysts (NYSE:KR)
Shares of The Kroger (NYSE:KR) have received a consensus rating of “Buy” from the nineteen analysts that are presently covering the stock, American Banking & Market News reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $50.71.
A number of research firms have recently commented on KR. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of The Kroger in a research note on Monday, August 18th. Separately, 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. Finally, 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.
Shares of The Kroger (NYSE:KR) opened at 50.30 on Tuesday. 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 $49.74 and a 200-day moving average of $46.13. The company has a market cap of $24.593 billion and a price-to-earnings ratio of 16.97.
The Kroger (NYSE:KR) last announced its 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 $3.28 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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