Morgan Stanley Raises Kroger (NYSE:KR) Price Target to $41.00

Kroger (NYSE:KRGet Rating) had its target price boosted by investment analysts at Morgan Stanley from $38.00 to $41.00 in a note issued to investors on Friday, Stock Target Advisor reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 17.70% from the stock’s current price.

Other analysts have also recently issued reports about the company. StockNews.com started coverage on Kroger in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Kroger from $50.00 to $53.00 in a research report on Friday. Guggenheim lifted their price objective on Kroger from $49.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, June 6th. BNP Paribas upgraded Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 target price for the company in a research note on Friday, April 22nd. Finally, BMO Capital Markets lifted their price target on Kroger from $41.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, March 4th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.05.

Shares of KR opened at $49.82 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.33. The stock has a market capitalization of $35.92 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.17 and a beta of 0.49. The firm’s 50 day moving average is $53.88 and its 200-day moving average is $50.52. Kroger has a 12-month low of $36.77 and a 12-month high of $62.78.

Kroger (NYSE:KRGet Rating) last issued its quarterly earnings results on Thursday, June 16th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.18. Kroger had a net margin of 1.20% and a return on equity of 29.97%. During the same quarter in the previous year, the company posted $1.19 earnings per share. As a group, equities research analysts forecast that Kroger will post 3.84 EPS for the current fiscal year.

In other Kroger news, SVP Stuart Aitken sold 52,678 shares of the firm’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $55.75, for a total transaction of $2,936,798.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Yael Cosset sold 34,812 shares of Kroger stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $59.50, for a total value of $2,071,314.00. Following the completion of the sale, the senior vice president now directly owns 162,207 shares of the company’s stock, valued at approximately $9,651,316.50. The disclosure for this sale can be found here. Insiders have sold a total of 182,749 shares of company stock valued at $10,457,284 over the last ninety days. 1.35% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in KR. Kozak & Associates Inc. acquired a new position in Kroger in the third quarter worth about $25,000. Andrew Hill Investment Advisors Inc. bought a new position in shares of Kroger in the 4th quarter valued at about $26,000. Key Financial Inc lifted its stake in Kroger by 81.6% in the 1st quarter. Key Financial Inc now owns 445 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Hoey Investments Inc. acquired a new stake in Kroger during the first quarter worth approximately $29,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Kroger during the first quarter worth approximately $29,000. 81.52% of the stock is currently owned by institutional investors.

About Kroger (Get Rating)

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

Featured Stories

Stock Target Advisor logo

Analyst Recommendations for Kroger (NYSE:KR)

Want More Great Investing Ideas?

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.