Jefferies Maintains a 'Hold' on Kroger (KR); Q2 Review; Adjusting Outlook
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Price: $34.12 -2.04%
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade KR Now!
Jefferies maintains a 'Hold' on Kroger (NYSE: KR) price target of $25.00.
Analyst, Scott A. Mushkin, said, "KR reported a solid 2Q and continues to produce industry leading ID’s, but we remain cautious as Wal-Mart (NYSE: WMT) appears ready to accelerate openings. While KR has weathered similar waves of openings in the past, it has had a difficult time expanding EBITDA. KR’s pricing is better positioned this time, and its strong store execution and market share remain enviable, but a significant ramp in openings would likely impact results."
Raises FY13 EPS estimate from $2.37 to $2.39 and FY14 from $2.49 to $2.50
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 $22.73 yesterday, with a 52 week range of $20.98-$24.83.
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Analyst, Scott A. Mushkin, said, "KR reported a solid 2Q and continues to produce industry leading ID’s, but we remain cautious as Wal-Mart (NYSE: WMT) appears ready to accelerate openings. While KR has weathered similar waves of openings in the past, it has had a difficult time expanding EBITDA. KR’s pricing is better positioned this time, and its strong store execution and market share remain enviable, but a significant ramp in openings would likely impact results."
Raises FY13 EPS estimate from $2.37 to $2.39 and FY14 from $2.49 to $2.50
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 $22.73 yesterday, with a 52 week range of $20.98-$24.83.
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