SuperValu Inc. (SVU) Stock Rating Reaffirmed by Royal Bank Of Canada
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.
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.
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