The nation's largest traditional grocery chain, Kroger Co(NYSE: KR) has had a difficult year amid a deflationary food price environment. Share prices
have declined nearly 20 percent in 2016, meaning it could be an appropriate time to take a closer look.
Barclays
views Kroger as “best-in-class,” although concerns regarding deflation, competition and lower fuel profits remain a concern. Shares
are up nearly 10 percent for Kroger since the election.
With Kroger approaching its third-quarter earnings report Thursday, analysts have been overwhelmingly bullish on the future
prospects of the company. “Either way, Kroger’s shares should react sharply to the third-quarter earnings report,” said Barron's last week.
Sell-Side Sentiment
- Argus Research: Maintains Buy ratings, $43 PT.
- Barclay: Initiated coverage with Equal-Weight rating, $33 PT.
- Citigroup: Maintains Buy rating, $39 PT.
- Deutsche Bank: Maintains Buy rating, $39 PT.
- Jefferies: Maintains Hold rating, $32 PT.
- Oppenheimer: Maintains Outperform rating, $40 PT.
- SunTrust: Maintains Neutral rating, $35 PT.
At last check, Kroger shares were down 1.36 percent at $32.65.
Image Credit: By WhisperToMe (Own work) [Public domain], via Wikimedia Commons
Latest Ratings for KR
| Date |
Firm |
Action |
From |
To |
| Sep 2016 |
Jefferies |
Maintains |
|
Hold |
| Sep 2016 |
Barclays |
Initiates Coverage on |
|
Equal-Weight |
| Sep 2016 |
Citigroup |
Maintains |
|
Buy |
View More Analyst Ratings for
KR
View the Latest Analyst Ratings
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