Jefferies Maintains a 'Hold' on Kroger (KR); Raising Numbers on Great Sales & EPS
Tweet
Share
E-mailGet Alerts KR Hot Sheet
Price: $55.57 +0.56%
Rating Summary:
13 Buy, 15 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 5
Rating Summary:
13 Buy, 15 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 5
Join SI Premium – FREE
Jefferies maintains a 'Hold' on Kroger (NYSE: KR) price target raised from $24 to $27.
Analyst, Scott A. Mushkin, said, "Kroger’s very strong 4Q12 sales results once again highlighted the company’s operational strength and strong market share position. KR’s sales also appear to be off to a good start thus far in 1Q13, unlike some of its competitors, yet subdued operating profit in 4Q looks like it will continue into 1Q with hopes of better EBIT growth not materializing until 2H13."
"We are increasing our FY13 estimate to $2.34 from $2.17 and establishing 1Q13
and FY14 estimates of $0.73 and $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 $24.44 yesterday.
Analyst, Scott A. Mushkin, said, "Kroger’s very strong 4Q12 sales results once again highlighted the company’s operational strength and strong market share position. KR’s sales also appear to be off to a good start thus far in 1Q13, unlike some of its competitors, yet subdued operating profit in 4Q looks like it will continue into 1Q with hopes of better EBIT growth not materializing until 2H13."
"We are increasing our FY13 estimate to $2.34 from $2.17 and establishing 1Q13
and FY14 estimates of $0.73 and $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 $24.44 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades ULTA Salon (ULTA) to Hold, 'Competition Intensifying & Prestige Refresh Needed'
- Infosys Ltd. (INFO:IN) (INFY) PT Lowered to INR1,680 at HSBC
- B.Riley Upgrades Ichor Holdings (ICHR) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign 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!
