11 analysts have expressed a variety of opinions on Kroger (NYSE:KR) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 6 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 4 | 4 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $57.64, along with a high estimate of $64.00 and a low estimate of $50.00. Marking an increase of 10.85%, the current average surpasses the previous average price target of $52.00.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Kroger's perception among financial experts is painted with a thorough analysis 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 |
|---|---|---|---|---|---|
| Michael Montani | Evercore ISI Group | Raises | Outperform | $64.00 | $62.00 |
| John Heinbockel | Guggenheim | Raises | Buy | $61.00 | $60.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $60.00 | - |
| Bill Kirk | Roth MKM | Raises | Neutral | $50.00 | $46.00 |
| Kelly Bania | BMO Capital | Raises | Market Perform | $58.00 | $46.00 |
| Michael Montani | Evercore ISI Group | Raises | Outperform | $62.00 | $55.00 |
| Edward Kelly | Wells Fargo | Raises | Equal-Weight | $59.00 | $50.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $60.00 | $55.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $55.00 | - |
| Edward Kelly | Wells Fargo | Raises | Equal-Weight | $50.00 | $42.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $55.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Kroger. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Kroger compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Kroger's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Kroger's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Kroger analyst ratings.
All You Need to Know About Kroger
Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.
Unraveling the Financial Story of Kroger
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Kroger's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 9.15%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Net Margin: Kroger's net margin excels beyond industry benchmarks, reaching 1.99%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Kroger's ROE excels beyond industry benchmarks, reaching 6.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Kroger's ROA stands out, surpassing industry averages. With an impressive ROA of 1.45%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.66.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
