Supervalu Inc Gets a Sell Rating from Credit Suisse


Credit Suisse analyst Judah Frommer maintained a Sell rating on Supervalu Inc (NYSE: SVU) on June 14 and set a price target of $16. The company’s shares opened today at $20.64.

Frommer commented:

“We update our target price to $16 based on the potential cash flow benefit from targeted tax savings, but our overall concerns around Supervalu’s traditional supermarket end-customers remain. Please refer to our recent SVU initiation report for further insight.”

According to TipRanks.com, Frommer is a 2-star analyst with an average return of 4.2% and a 80.0% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and US Food Holdings Corp.

Supervalu Inc has an analyst consensus of Moderate Sell, with a price target consensus of $18.67.

See today’s analyst top recommended stocks >>

Supervalu Inc’s market cap is currently $754.3M and has a P/E ratio of 17.57. The company has a Price to Book ratio of 1.55.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SUPERVALU, Inc. engages in the distribution of grocery and other products and provision of logistics and professional service solutions to retailers. It operates through the Wholesale and Retail segments. The Wholesale segment engages in wholesale distribution to independently-owned retail food stores and other customers.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts