Analyst Rating Update on Kroger Company (The) (KR)

Kroger Company (The) (KR) : Zacks Investment Research ranks Kroger Company (The) (KR) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.03, which indicates as a Buy.

Kroger Company (The) (KR) : 13 Wall Street analysts covering Kroger Company (The) (KR) believe that the average level the stock could reach for the short term is $41.08. The maximum price target given is $51 and the minimum target for short term is around $27, hence the standard deviation is calculated at $6.68.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Wolfe Research downgrades the rating on Kroger Company (The) (NYSE:KR). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Peer Perform. The rating by the firm was issued on July 28, 2016.


Kroger Company (The) (NYSE:KR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.69 and $32.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.20, notching a gain of 1.81% for the day. The total traded volume was 10,630,128 . The stock had closed at $32.61 on the previous day.

The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities, including some Company-owned buildings on leased land. The Company operates its 2,640 supermarket and multi-department stores under banners, including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Frys, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smiths. Of these stores, 1,330 have fuel centers. The Company also operates 782 convenience stores, either directly or through franchisees, 326 fine jewelry stores and an online retailer.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.