Deutsche Bank Maintains a 'Buy' on Kroger (KR); Q1 Preview: Three Catalysts In Next Six Months
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Price: $33.81 -0.91%
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 20 | New: 29
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 20 | New: 29
Trade KR Now!
Deutsche Bank maintains a 'Buy' on Kroger (NYSE: KR) price target of $28.00.
Analyst, Charles Grom, said, "We are forecasting 1Q EPS of $0.72 (+2.8% YOY), $0.01 below the Street. Our forecast is based on non-fuel ID’s of +4.5%, which implies a slight improvement on a 2-yr stack. With KR trading at just 8.3x our FY13E EPS, we believe the stock offers excellent value with limited downside and point out 3 positive catalysts over the next six months - (1) upward EPS revisions, (2) dividend hike, and (3) Analyst Day in Mid-October in NYC."
For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.
Shares of Kroger closed at $21.57 yesterday, with a 52 week range of $21.14-$25.85.
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Analyst, Charles Grom, said, "We are forecasting 1Q EPS of $0.72 (+2.8% YOY), $0.01 below the Street. Our forecast is based on non-fuel ID’s of +4.5%, which implies a slight improvement on a 2-yr stack. With KR trading at just 8.3x our FY13E EPS, we believe the stock offers excellent value with limited downside and point out 3 positive catalysts over the next six months - (1) upward EPS revisions, (2) dividend hike, and (3) Analyst Day in Mid-October in NYC."
For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.
Shares of Kroger closed at $21.57 yesterday, with a 52 week range of $21.14-$25.85.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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