Kroger Company (The) (KR) : The consensus price target for Kroger Company (The) (KR) is $39.92 for the short term with a standard deviation of $6.57. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $51, however, the pessimist price target for the company is $27.
Kroger Company (The) (KR) : 15 analysts are covering Kroger Company (The) (KR) and their average rating on the stock is 2.1, which is read as a Buy. 8 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 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity analysts at the Brokerage firm Oppenheimer maintains its rating on Kroger Company (The) (NYSE:KR). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Oppenheimer lowers the price target from $42 per share to $40 per share. The rating by the firm was issued on August 24, 2016.
Kroger Company (The) (NYSE:KR): The stock opened at $32.10 on Thursday but the bulls could not build on the opening and the stock topped out at $32.15 for the day. The stock traded down to $31.81 during the day, due to lack of any buying support eventually closed down at $31.96 with a loss of -0.09% for the day. The stock had closed at $31.99 on the previous day. The total traded volume was 7,468,377 shares.
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.