SuperValu Inc. (SVU) Stock Rating Lowered by ValuEngine
SuperValu Inc. (NYSE:SVU) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research firms have also commented on SVU. Royal Bank Of Canada set a $42.00 price target on shares of SuperValu and gave the company a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of SuperValu from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Telsey Advisory Group reduced their target price on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a research report on Tuesday, June 27th. Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $28.00 target price (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. One 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. SuperValu presently has an average rating of “Hold” and a consensus target price of $32.67.
SuperValu (SVU) traded down 0.85% during midday trading on Friday, hitting $19.82. The stock had a trading volume of 561,181 shares. SuperValu has a 52 week low of $19.16 and a 52 week high of $40.11. The stock’s 50 day moving average price is $22.74 and its 200-day moving average price is $25.17. The company has a market cap of $755.97 million, a PE ratio of 1.22 and a beta of 2.12.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. SuperValu’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. Equities research analysts predict that SuperValu will post $2.36 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “SuperValu Inc. (SVU) Stock Rating Lowered by ValuEngine” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/02/supervalu-inc-svu-stock-rating-lowered-by-valuengine.html.
A number of institutional investors have recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of 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 in the last quarter. State of Alaska Department of Revenue raised its position 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. Sigma Planning Corp raised its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of SuperValu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock valued at $683,000 after buying an additional 1,492 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in shares of SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock valued at $643,000 after buying an additional 1,645 shares in 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.