The Kroger Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:KR)
Shares of The Kroger (NYSE:KR) have been given an average recommendation of “Buy” by the nineteen analysts that are currently covering the stock, Analyst Ratings.Net reports. Six investment analysts have rated the stock with a hold rating and twelve 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 $50.71.
Several analysts have recently commented on the stock. 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 50.98 on Tuesday. The Kroger has a one year low of $35.13 and a one year high of $51.49. The stock has a 50-day moving average of $49.92 and a 200-day moving average of $46.41. The company has a market cap of $24.925 billion and a P/E ratio of 17.26.
The Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, June 19th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.92 earnings per share. The Kroger’s revenue was up 9.9% compared to the same quarter last year. 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.