Zacks Investment Research downgraded Kroger Co (NYSE:KR) to Sell in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Kroger Co (NYSE:KR) to Sell in a report released on Monday October 03, 2016.
Previously on 9/23/2016, Barclays reported on Kroger Co (NYSE:KR) increased the target price from $0.00 to $33.00. At the time, this indicated a possible upside of 0.07%.
Just yesterday Kroger Co (NYSE:KR) traded -1.35% lower at $29.30. Kroger Co’s 50-day moving average is $31.53 and its 200-day moving average is $34.92. The last stock price is down -16.15% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,797,747 shares of KR traded hands, down from an average trading volume of 9,961,550
Recent Performance Chart
Kroger Co has 52 week low of $29.25 and a 52 week high of $42.75 with a PE ratio of 13.88 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 24 brokerages have issued a ratings update on the company. The average stock price target is $41.50 with 11 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Kroger Co (NYSE:KR)
The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers. The Company's supermarkets are operated under combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses. The Company's corporate brand products are primarily produced and sold in approximately three tiers. Private Selection is the brand designed to beat the gourmet or upscale brands. The banner brand includes Kroger, Ralphs, Fred Meyer and King Soopers. The Company's other brands also include Simple Truth and Simple Truth Organic.
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