Pivotal Research Analysts Give SuperValu Inc. (SVU) a $39.00 Price Target
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.
WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/11/01/pivotal-research-analysts-give-supervalu-inc-svu-a-39-00-price-target.html.
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.
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.