Kroger: Intriguing Play Ahead Of Third-Quarter Report
The nation's largest traditional grocery chain, Kroger Co(NYSE: KR) has had a difficult year amid a deflationary food price environment. Share prices have declined nearly 20 percent in 2016, meaning it could be an appropriate time to take a closer look.
Barclays views Kroger as “best-in-class,” although concerns regarding deflation, competition and lower fuel profits remain a concern. Shares are up nearly 10 percent for Kroger since the election.
With Kroger approaching its third-quarter earnings report Thursday, analysts have been overwhelmingly bullish on the future prospects of the company. “Either way, Kroger’s shares should react sharply to the third-quarter earnings report,” said Barron's last week.
- Argus Research: Maintains Buy rating, $43 PT.
- Barclay: Initiated coverage with Equal-Weight rating, $33 PT.
- Citigroup: Maintains Buy rating, $39 PT.
- Deutsche Bank: Maintains Buy rating, $39 PT.
- Jefferies: Maintains Hold rating, $32 PT.
- Oppenheimer: Maintains Outperform rating, $40 PT.
- SunTrust: Maintains Neutral rating, $35 PT.
At last check, Kroger shares were down 1.36 percent at $32.65.
Image Credit: By WhisperToMe (Own work) [Public domain], via Wikimedia Commons
Latest Ratings for KR
|Sep 2016||Barclays||Initiates Coverage on||Equal-Weight|
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