Barclays Maintains an 'Equalweight' on SAFEWAY (SWY); Q1 Preview; Update on Takeover Speculation
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Price: $35.10 --0%
Rating Summary:
4 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
4 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Barclays maintains an 'Equalweight' on SAFEWAY (NYSE: SWY) price target of $22.00.
Analyst, Meredith Adler, said, "We are raising our 1Q12 EPS estimate to $0.29 from $0.28 vs. consensus of $0.30. Our estimate reflects slightly improving sales but gross margin pressure, partially offset by improving SG&A as a percent of sales, primarily due to strong fuel sales...Our estimate for 1Q total sales is $10.1 billion, with id sales up 0.5% (ex-fuel)."
Adler maintains an equalweight rating, saying recent takeover speculation is overblown. Competitive concerns still linger and even if a strategic buyer, like Kroger (NYSE: KR) stepped in, anti-trust problems would probably arise, squashing the deal.
For an analyst ratings summary and ratings history on SAFEWAY click here. For more ratings news on SAFEWAY click here.
Shares of SAFEWAY closed at $22.09 yesterday.
Analyst, Meredith Adler, said, "We are raising our 1Q12 EPS estimate to $0.29 from $0.28 vs. consensus of $0.30. Our estimate reflects slightly improving sales but gross margin pressure, partially offset by improving SG&A as a percent of sales, primarily due to strong fuel sales...Our estimate for 1Q total sales is $10.1 billion, with id sales up 0.5% (ex-fuel)."
Adler maintains an equalweight rating, saying recent takeover speculation is overblown. Competitive concerns still linger and even if a strategic buyer, like Kroger (NYSE: KR) stepped in, anti-trust problems would probably arise, squashing the deal.
For an analyst ratings summary and ratings history on SAFEWAY click here. For more ratings news on SAFEWAY click here.
Shares of SAFEWAY closed at $22.09 yesterday.
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