SuperValu Inc. (NYSE:SVU) has been given a $39.00 price objective by stock analysts at Pivotal Research in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock. Pivotal Research’s target price would indicate a potential upside of 139.41% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. TheStreet downgraded shares of SuperValu from a “c” rating to a “d+” rating in a research report on Wednesday, October 18th. Morgan Stanley reduced their price target on shares of SuperValu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $35.00 price target on shares of SuperValu in a research report on Thursday, October 19th. Northcoast Research reissued a “neutral” rating on shares of SuperValu in a research report on Thursday, October 19th. Finally, ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.33.

SuperValu (NYSE SVU) traded up 1.1154% during trading on Tuesday, hitting $16.4717. The stock had a trading volume of 725,479 shares. SuperValu has a 1-year low of $14.55 and a 1-year high of $36.68. The company has a market capitalization of $628.26 million, a P/E ratio of 1.0168 and a beta of 2.13. The stock’s 50-day moving average price is $19.52 and its 200-day moving average price is $23.31.

SuperValu (NYSE:SVU) last announced its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Analysts expect that SuperValu will post $2.22 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of SVU. BlackRock Inc. boosted its stake in shares of SuperValu by 11,576.6% during the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after acquiring an additional 40,904,886 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SuperValu by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after acquiring an additional 1,903,023 shares during the last quarter. Cooper Creek Partners Management LLC boosted its stake in shares of SuperValu by 60.8% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock worth $15,849,000 after acquiring an additional 1,820,941 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of SuperValu during the 2nd quarter worth $4,222,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of SuperValu by 59.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock worth $9,113,000 after acquiring an additional 1,030,762 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.

Analyst Recommendations for SuperValu (NYSE:SVU)

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