Credit Suisse analyst Judah Frommer maintained a Buy rating on Kroger Company (KR) yesterday and set a price target of $33. The company’s shares closed yesterday at $28.55.
According to TipRanks.com, Frommer is a 1-star analyst with an average return of -2.6% and a 56.5% success rate. Frommer covers the Services sector, focusing on stocks such as Sprouts Farmers, Dollar General, and Five Below Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kroger Company with a $31.33 average price target, implying a 9.7% upside from current levels. In a report issued on December 7, Merrill Lynch also maintained a Buy rating on the stock with a $37 price target.
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Kroger Company’s market cap is currently $23.08B and has a P/E ratio of 6.58. The company has a Price to Book ratio of 2.99.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock.
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The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets. The combination food and drug Stores are the primary food store format.
