SuperValu (SVU) : 4 investment research analysts covering SuperValu (SVU) have an average price target of $6.88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $5 for the short term. Analysts expect the variance to be within $2.17 of the average price.
SuperValu (SVU) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Also, In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on SuperValu (NYSE:SVU). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm lowers the price target from $5.5 per share to $5 per share. The rating by the firm was issued on July 28, 2016.
SuperValu (NYSE:SVU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.47 and $5.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.51, notching a gain of 0.55% for the day. The total traded volume was 3,636,774 . The stock had closed at $5.48 on the previous day.
SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees, as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business, which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot, which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company, to which it provides wholesale distribution, and Retail Food, which is engaged in the sale of groceries and other products at retail locations operated by the Company.