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.

COPYRIGHT VIOLATION WARNING: “SuperValu Inc. (SVU) Stock Rating Reaffirmed by Royal Bank Of Canada” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/06/28/supervalu-inc-svu-stock-rating-reaffirmed-by-royal-bank-of-canada.html.

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.

Analyst Recommendations for SuperValu (NYSE:SVU)

Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.