SuperValu Inc. (NYSE:SVU)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued on Thursday, The Fly reports. They presently have a $35.00 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 104.80% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Northcoast Research reissued a “neutral” rating on shares of SuperValu in a research report on Thursday. ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research report on Wednesday. Telsey Advisory Group lowered 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 reissued a “buy” rating and set a $38.50 target price on shares of SuperValu in a research report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. SuperValu currently has an average rating of “Hold” and a consensus target price of $31.00.

Shares of SuperValu (SVU) traded down 5.03% during midday trading on Thursday, hitting $16.23. The stock had a trading volume of 1,590,846 shares. The firm has a market cap of $619.04 million, a price-to-earnings ratio of 1.00 and a beta of 2.13. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $24.01. SuperValu has a 1-year low of $16.00 and a 1-year high of $38.43.

SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that SuperValu will post $2.23 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of 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 purchasing an additional 1,687 shares during the last quarter. Amalgamated Bank grew 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 purchasing an additional 246 shares during the last quarter. Sigma Planning Corp grew 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 purchasing an additional 1,000 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in shares of SuperValu in the second quarter valued at about $149,000. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of SuperValu in the second quarter valued at about $216,000.

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.

The Fly

Analyst Recommendations for SuperValu (NYSE:SVU)

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