In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on Kroger Company (KR – Research Report), with a price target of $60.00. The company’s shares closed yesterday at $56.19.
Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Target, and Holley. According to TipRanks, Feldman has an average return of 10.5% and a 61.86% success rate on recommended stocks.
In addition to Telsey Advisory, Kroger Company also received a Buy from Bank of America Securities’s Robert Ohmes in a report issued on March 13. However, yesterday, Wells Fargo maintained a Hold rating on Kroger Company (NYSE: KR).
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Based on Kroger Company’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $33.96 billion and a net profit of $646 million. In comparison, last year the company earned a revenue of $34.2 billion and had a net profit of $400 million
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Kroger Company (KR) Company Description:
Founded in 1883, The Kroger Co. is a Ohio-based retailer, which is engaged in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets.
Read More on KR:
- Kroger (NYSE:KR) Agrees to Divest Specialty Pharmacy Unit
- Kroger Announces Definitive Agreement for Sale of Its Specialty Pharmacy Business
- Kroger’s Board of Directors Declares Quarterly Dividend
- Kroger price target raised to $50 from $46 at Roth MKM
- Kroger price target raised to $58 from $46 at BMO Capital
