In a report issued on December 6, Christopher Mandeville from Jefferies reiterated a Buy rating on Kroger Company (KR), with a price target of $34. The company’s shares opened today at $29.25.
According to TipRanks.com, Mandeville is a 4-star analyst with an average return of 8.2% and a 55.1% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Performance Food Group, and US Food Holdings Corp.
Kroger Company has an analyst consensus of Moderate Buy, with a price target consensus of $31.42, which is a 7.4% upside from current levels. In a report issued on December 6, Credit Suisse also upgraded the stock to Buy with a $33 price target.
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Based on Kroger Company’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $27.67 billion and net profit of $317 million. In comparison, last year the company earned revenue of $27.75 billion and had a net profit of $393 million.
Based on the recent corporate insider activity of 114 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.
