Dahlman Rose Starts SUPERVALU (SVU) at Hold, Waiting For Strong Signs Before Hopping In
Tweet
Share
E-mailGet Alerts SVU Hot Sheet
Price: $32.49 --0%
Rating Summary:
1 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
1 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Join SI Premium – FREE
Dahlman Rose initiates coverage on shares of SUPERVALU (NYSE: SVU) with a Hold rating.
The company has been weak execution and lack of investments has led to a large sales and profit decline since the Albertsons acquisition in 2006, which began transforming the company from a distributor to a retailer.
An analyst at Dahlman Rose comments, "SVU is a cheap stock, but has been a value trap due to deteriorating sales and profitability trends. Management is finally putting measures in place that could turn the business around, but success needs to come quickly. We would prefer to see evidence of traction before jumping in."
The firm currently forecasts Q1 and FY12 EPS of $0.29 and $1.32.
For more ratings news on SUPERVALU click here and for the rating history of SUPERVALU click here.
Shares of SUPERVALU closed at $9.06 yesterday.
The company has been weak execution and lack of investments has led to a large sales and profit decline since the Albertsons acquisition in 2006, which began transforming the company from a distributor to a retailer.
An analyst at Dahlman Rose comments, "SVU is a cheap stock, but has been a value trap due to deteriorating sales and profitability trends. Management is finally putting measures in place that could turn the business around, but success needs to come quickly. We would prefer to see evidence of traction before jumping in."
The firm currently forecasts Q1 and FY12 EPS of $0.29 and $1.32.
For more ratings news on SUPERVALU click here and for the rating history of SUPERVALU click here.
Shares of SUPERVALU closed at $9.06 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canaccord Genuity Starts TMX Group Ltd (X:CN) (TMXXF) at Buy
- B.Riley Resumes Taboola (TBLA) at Buy
- B.Riley Starts MacroGenics (MGNX) at Buy
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
