SuperValu’s (SVU) “Buy” Rating Reaffirmed at Pivotal Research
SuperValu Inc. (NYSE:SVU)‘s stock had its “buy” rating restated by Pivotal Research in a research note issued on Tuesday. They currently have a $7.00 price objective on the stock, down from their previous price objective of $8.00. Pivotal Research’s target price would indicate a potential upside of 52.84% from the stock’s previous close.
Several other research firms have also recently weighed in on SVU. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Monday, July 4th. Morgan Stanley decreased their target price on shares of SuperValu from $5.50 to $5.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Deutsche Bank AG set a $5.00 price objective on shares of SuperValu and gave the stock a “hold” rating in a research report on Monday, September 12th. Telsey Advisory Group lifted their price objective on shares of SuperValu from $5.00 to $6.50 and gave the stock a “market perform” rating in a research report on Monday, August 15th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $5.00 target price on shares of SuperValu in a research report on Tuesday, July 26th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.75.
Shares of SuperValu (NYSE:SVU) opened at 4.58 on Tuesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 7.68 and a beta of 1.92. SuperValu has a 52-week low of $3.94 and a 52-week high of $7.22. The firm has a 50-day moving average of $4.94 and a 200 day moving average of $4.97.
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SuperValu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.10. SuperValu had a net margin of 0.94% and a negative return on equity of 43.67%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, analysts anticipate that SuperValu will post $0.63 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of SuperValu by 6.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,481 shares of the company’s stock valued at $101,000 after buying an additional 1,387 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of SuperValu by 6.9% in the second quarter. Oakbrook Investments LLC now owns 21,700 shares of the company’s stock valued at $102,000 after buying an additional 1,400 shares during the last quarter. KCG Holdings Inc. increased its position in shares of SuperValu by 21.9% in the second quarter. KCG Holdings Inc. now owns 23,493 shares of the company’s stock valued at $111,000 after buying an additional 4,227 shares during the last quarter. Commonwealth Equity Services Inc increased its position in shares of SuperValu by 30.4% in the second quarter. Commonwealth Equity Services Inc now owns 23,934 shares of the company’s stock valued at $113,000 after buying an additional 5,576 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of SuperValu by 12.4% in the second quarter. Public Employees Retirement System of Ohio now owns 28,485 shares of the company’s stock valued at $134,000 after buying an additional 3,147 shares during the last quarter. 82.17% of the stock is owned by hedge funds and other institutional investors.
SuperValu Company Profile
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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