Stocks of Kroger Co. (NYSE:KR) traded higher last session on Wall Street, down -0.64% to $43.64.
According to the data, Kroger Co. (NYSE:KR) has 24 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $37.00, we find $51.75. Given the previous closing price of $43.92, this indicates a potential upside of 17.83 percent. KR stock price is now -1.81% away from the 50-day moving average and -6.26% away from the 200-day moving average. The market capitalization of the company currently stands at $31.39B.
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A total of 12 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $50.73 as their price target over the next twelve months.
With the price target of $52, HSBC Securities recently initiated with Hold rating for Kroger Co. (NYSE: KR).
In other news, FIKE CARIN L, Vice President and Treasurer sold 4,798 shares of the company’s stock on Sep 22. The stock was sold for $218,417 at an average price of $45.52. Upon completion of the transaction, the Vice President and Treasurer now directly owns 4,156 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Vice President and Treasurer FIKE CARIN L sold 6,000 shares of the business’s stock. A total of $279,004 was realized by selling the stock at an average price of $46.50. This leaves the insider owning 44,090 shares of the company worth $1.92 million. Insiders disposed of 753,719 shares of company stock worth roughly $32.89 million over the past 1 year. A total of 0.76% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $43.87 for Kroger Co. (NYSE: KR). During the past 12 months, Kroger Co. has had a low of $42.10 and a high of $50.41. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 0.78, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $47.86B, which is based on a 19.55 price-to-earnings ratio, a 2.44 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for KR is $44.39 and a two-hundred day moving average price translates $46.55 for the stock.
The latest earnings results from Kroger Co. (NYSE: KR) was released for May, 2021. According to the Grocery Stores Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.91 by 0.05. This compares to $1.01 EPS in the same period last year. The net profit margin was 1.09% and return on equity was 15.93% for KR. The company reported revenue of $33.85 billion for the quarter, compared to $34.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.27 percent. For the current quarter, analysts expect KR to generate $33.92B in revenue.
