1 week Ago By ABMN Staff
Shares of The Kroger Co. ( NYSE:KR – Get Free Report ) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company.
The average 1-year target price among analysts that have issued ratings on the stock in the last year is $65.79. Several brokerages recently issued reports on KR.
UBS Group lifted their price objective on shares of Kroger from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, December 12th.
Evercore ISI raised their target price on Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th.
Bank of America increased their price objective on shares of Kroger from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 20th.
JPMorgan Chase & Co. boosted their price target on Kroger from $59.00 to $69.
00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Roth Mkm increased their target price on shares of Kroger from $52.00 to $56.
00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. View Our Latest Research Report on KR Insiders Place Their Bets Institutional Investors Weigh In On Kroger A number of institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new position in Kroger during the 2nd quarter valued at about $28,000.
Northwest Investment Counselors LLC purchased a new position in shares of Kroger in the third quarter valued at approximately $34,000. Newbridge Financial Services Group Inc. increased its stake in Kroger by 218.
8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 714 shares of the company’s stock worth $36,000 after buying an additional 490 shares during the period.
Harbor Capital Advisors Inc. acquired a new stake in shares of Kroger in the third quarter valued at $40,000. Finally, Capital Performance Advisors LLP acquired a new stake in Kroger in the 3rd quarter valued at about $43,000.
80.93% of the stock is currently owned by institutional investors and hedge funds. Kroger Price Performance Kroger stock opened at $61.
46 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.
54 and a quick ratio of 1.07. The stock has a market cap of $44.
47 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.97 and a beta of 0.
48. The firm has a 50-day moving average of $59.86 and a two-hundred day moving average of $55.
92. Kroger has a 1 year low of $44.48 and a 1 year high of $63.
59. Kroger ( NYSE:KR – Get Free Report ) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.
98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.01.
Kroger had a return on equity of 27.73% and a net margin of 1.85%.
The company had revenue of $33.63 billion for the quarter, compared to analysts’ expectations of $34.19 billion.
During the same quarter in the prior year, the firm earned $0.95 earnings per share. Kroger’s revenue was down 1.
0% compared to the same quarter last year. On average, research analysts forecast that Kroger will post 4.43 earnings per share for the current year.
Kroger announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $7.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.
9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued. About Kroger ( Get Free Report The Kroger Co operates as a food and drug retailer in the United States.
The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. Read More Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.
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