Kroger Company (KR) Receives a Hold from Pivotal Research

In a report released today, Ajay Jain from Pivotal Research reiterated a Hold rating on Kroger Company (KR), with a price target of $31. The company’s shares opened today at $29.64.

Jain wrote:

“We continue to view 2018 as a significant transition year for Kroger accompanied by heavy price investments, new merchandising resets, and a major pickup in M&A/divestiture activity. It should be noted, however, that earnings are set to take a significant step backwards in FY18. The three-year guidance will now require close to $600 million of operating income growth over the next two years in order to hit the $3.1 billion objective by the end of FY20.”

According to, Jain is a 4-star analyst with an average return of 11.1% and a 61.0% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and US Food Holdings Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kroger Company with a $30.70 average price target.

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The company has a one-year high of $32.74 and a one-year low of $22.85. Currently, Kroger Company has an average volume of 8.88M.

Based on the recent corporate insider activity of 118 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.

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