Credit Suisse analyst Judah Frommer maintained a Hold rating on Supervalu Inc (NYSE: SVU) today and set a price target of $32. The company’s shares opened today at $32.47, close to its 52-week high of $32.49.
According to TipRanks.com, Frommer is a 2-star analyst with an average return of 1.1% and a 61.1% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, US Food Holdings Corp, and Sprouts Farmers.
Currently, the analyst consensus on Supervalu Inc is a Hold with an average price target of $32.63.
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Based on Supervalu Inc’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $3.51 billion and GAAP net loss of $57 million. In comparison, last year the company earned revenue of $3.8 billion and had a GAAP net loss of $25 million.
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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.
