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The Kroger (NYSE:KR)’s share price hit a new 52-week high on Tuesday , American Banking News reports. The company traded as high as $51.60 and last traded at $51.25, with a volume of 1,189,064 shares traded. The stock had previously closed at $50.98.

A number of analysts have recently weighed in on KR shares. 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. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.71.

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 $25.070 billion and a P/E ratio of 17.26.

The Kroger (NYSE:KR) last announced its earnings results 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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