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Kroger: Intriguing Play Ahead Of Third-Quarter Report

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Kroger: Intriguing Play Ahead Of Third-Quarter Report
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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.

Sell-Side Sentiment

  • 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

DateFirmActionFromTo
Mar 2017RBC CapitalUpgradesSector PerformOutperform
Mar 2017UBSInitiates Coverage OnNeutral
Mar 2017Northcoast ResearchDowngradesBuyNeutral

View More Analyst Ratings for KR
View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings Long Ideas News Price Target Initiation Previews Reiteration Best of Benzinga

 

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