SuperValu Inc. (SVU) PT Set at $42.00 by Pivotal Research
SuperValu Inc. (NYSE:SVU) has been assigned a $42.00 price target by analysts at Pivotal Research in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price target suggests a potential upside of 92.40% from the company’s previous close.
A number of other research analysts have also commented on SVU. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a “buy” rating in a research report on Thursday, April 27th. Guggenheim reaffirmed a “neutral” rating on shares of SuperValu in a research report on Monday, May 1st. Zacks Investment Research raised SuperValu from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. ValuEngine lowered SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.50 price target (down previously from $31.50) on shares of SuperValu in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.67.
Shares of SuperValu (NYSE:SVU) traded up 0.50% during mid-day trading on Wednesday, reaching $21.94. The company’s stock had a trading volume of 118,372 shares. SuperValu has a 12 month low of $20.30 and a 12 month high of $40.18. The company has a 50-day moving average of $23.27 and a 200-day moving average of $9.23. The firm has a market cap of $836.84 million, a PE ratio of 1.35 and a beta of 2.06.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. On average, analysts predict that SuperValu will post $2.36 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in 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 during the last quarter. Amalgamated Bank increased its stake in SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after buying an additional 246 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in SuperValu during the first quarter valued at $135,000. Finally, Sigma Planning Corp increased its stake in SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter.
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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