SuperValu Inc. (SVU) Stock Rating Reaffirmed by Royal Bank Of Canada
SuperValu Inc. (NYSE:SVU)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They presently have a $6.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 96.72% from the stock’s previous close.
A number of other equities research analysts have also weighed in on SVU. Zacks Investment Research raised shares of SuperValu from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Guggenheim reissued a “neutral” rating on shares of SuperValu in a report on Wednesday, April 19th. ValuEngine lowered shares of SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $3.50 price target (down from $4.50) on shares of SuperValu in a report on Monday, June 19th. Finally, Telsey Advisory Group lowered their price target on shares of SuperValu from $5.50 to $4.50 and set a “market perform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.96.
Shares of SuperValu (NYSE SVU) traded up 5.25% during trading on Wednesday, reaching $3.21. The company had a trading volume of 3,316,883 shares. The stock has a market capitalization of $857.07 million, a price-to-earnings ratio of 1.31 and a beta of 2.05. SuperValu has a 1-year low of $2.93 and a 1-year high of $5.74. The company’s 50 day moving average is $3.91 and its 200-day moving average is $4.04.
SuperValu (NYSE:SVU) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.90 billion. SuperValu had a net margin of 4.34% and a negative return on equity of 88.07%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts anticipate that SuperValu will post $0.36 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of SVU. Palo Capital acquired a new stake in SuperValu during the third quarter valued at approximately $88,000. TFS Capital LLC raised its stake in SuperValu by 62.2% in the fourth quarter. TFS Capital LLC now owns 847,129 shares of the company’s stock valued at $5,744,000 after buying an additional 324,856 shares during the last quarter. Engineers Gate Manager LP raised its stake in SuperValu by 1,185.9% in the fourth quarter. Engineers Gate Manager LP now owns 199,310 shares of the company’s stock valued at $1,351,000 after buying an additional 183,810 shares during the last quarter. California Public Employees Retirement System raised its stake in SuperValu by 5.7% in the fourth quarter. California Public Employees Retirement System now owns 416,200 shares of the company’s stock valued at $2,822,000 after buying an additional 22,300 shares during the last quarter. Finally, Oxford Asset Management raised its stake in SuperValu by 207.6% in the fourth quarter. Oxford Asset Management now owns 416,267 shares of the company’s stock valued at $2,818,000 after buying an additional 280,943 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors.
SuperValu Company Profile
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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