In the latest quarter, 7 analysts provided ratings for Kroger KR, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 6 | 0 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 4 | 0 | 1 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $60.71, a high estimate of $65.00, and a low estimate of $48.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 0.75%.
Interpreting Analyst Ratings: A Closer Look
The standing of Kroger among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $62.00 | $62.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $62.00 | $62.00 |
| Michael Montani | Evercore ISI Group | Lowers | Outperform | $62.00 | $63.00 |
| Edward Kelly | Wells Fargo | Raises | Overweight | $65.00 | $58.00 |
| Andrew Gwynn | Exane BNP Paribas | Announces | Underperform | $48.00 | - |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $62.00 | $60.00 |
| Michael Montani | Evercore ISI Group | Raises | Outperform | $64.00 | $62.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Kroger. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kroger compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Kroger's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Kroger's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Kroger analyst ratings.
Unveiling the Story Behind Kroger
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company touts its ingrained position across US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
Kroger's Economic Impact: An Analysis
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Kroger showcased positive performance, achieving a revenue growth rate of 6.44% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Kroger's net margin is impressive, surpassing industry averages. With a net margin of 1.94%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Kroger's ROE excels beyond industry benchmarks, reaching 6.29%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Kroger's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.41%, the company showcases efficient use of assets and strong financial health.
Debt Management: Kroger's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.66.
Analyst Ratings: Simplified
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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