Kroger Company (The) (KR) : 17 analysts are covering Kroger Company (The) (KR) and their average rating on the stock is 2.09, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Kroger Company (The) (KR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Kroger Company (The) (KR) : The highest short term price target forecast on Kroger Company (The) (KR) is $46 and the lowest target price is $27. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $37.93 with a standard deviation of $5.25.
Also, Brokerage firm Jefferies maintains its rating on Kroger Company (The) (NYSE:KR). As per the latest information, the brokerage house lowers the price target to $37 per share from a prior target of $39. The shares have been rated Hold. The rating by the firm was issued on August 31, 2016.
Kroger Company (The) (NYSE:KR): After opening at $30.76, the stock dipped to an intraday low of $30.46 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.27 and the buying power remained strong till the end. The stock closed at $31.25 for the day, a gain of 1.76% for the day session. The total traded volume was 10,403,720. The stocks close on the previous trading day was $30.71.
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.