SuperValu Inc. (NYSE:SVU)‘s stock had its “buy” rating reissued by research analysts at Pivotal Research in a note issued to investors on Wednesday. They currently have a $5.50 target price on the stock. Pivotal Research’s price objective suggests a potential upside of 47.06% from the stock’s current price.

The analysts wrote, “We can support a price target of $5.50 excluding any longer-term synergy benefits from Unified. Any sale/leaseback transaction in Wholesale or accretive M&A activity in the Retail segment would result in further upside to our $5.50 price target.””

A number of other research analysts also recently weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $4.00 price objective (down previously from $5.00) on shares of SuperValu in a research report on Wednesday. Royal Bank Of Canada set a $6.00 price objective on shares of SuperValu and gave the stock a “buy” rating in a research report on Sunday, July 16th. Telsey Advisory Group decreased their price objective on shares of SuperValu from $5.50 to $4.50 and set a “market perform” rating for the company in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $3.50 price objective (down previously from $4.50) on shares of SuperValu in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. SuperValu has an average rating of “Hold” and a consensus target price of $4.75.

Shares of SuperValu (NYSE:SVU) traded down 4.81% during midday trading on Wednesday, reaching $3.56. The company’s stock had a trading volume of 7,554,668 shares. The stock has a 50-day moving average of $3.39 and a 200 day moving average of $3.77. The firm has a market capitalization of $950.52 million, a P/E ratio of 1.45 and a beta of 2.02. SuperValu has a 12-month low of $2.90 and a 12-month high of $5.74.

SuperValu (NYSE:SVU) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Equities research analysts predict that SuperValu will post $0.32 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “SuperValu’s (NYSE:SVU) Buy Rating Reiterated at Pivotal Research” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/07/26/supervalus-nysesvu-buy-rating-reiterated-at-pivotal-research.html.

A number of hedge funds have recently made changes to their positions in the stock. Palo Capital acquired a new stake in shares of SuperValu during the third quarter valued at about $88,000. Oakbrook Investments LLC boosted its stake 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 in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of SuperValu during the fourth quarter valued at about $108,000. Commonwealth Equity Services Inc boosted its stake 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 in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

About SuperValu

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.