Kroger (NYSE:KR) Price Target Cut to $28.00 by Analysts at Bank of America
Kroger (NYSE:KR) had its target price lowered by investment analysts at Bank of America from $33.00 to $28.00 in a note issued to investors on Friday, March 9th. The brokerage presently has a “neutral” rating on the stock. Bank of America’s price target indicates a potential upside of 20.27% from the company’s current price.
Other analysts also recently issued research reports about the company. Stephens set a $22.00 price objective on Kroger and gave the company a “hold” rating in a research report on Friday, March 9th. Goldman Sachs restated a “neutral” rating and set a $22.00 target price on shares of Kroger in a report on Tuesday, November 14th. Oppenheimer reaffirmed a “hold” rating and issued a $26.00 price target on shares of Kroger in a research note on Monday, December 4th. Morgan Stanley upped their price target on Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Moffett Nathanson assumed coverage on Kroger in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.27.
KR stock traded down $0.11 during midday trading on Friday, hitting $23.28. The stock had a trading volume of 17,847,177 shares, compared to its average volume of 13,496,878. Kroger has a 12 month low of $19.69 and a 12 month high of $31.45. The company has a market cap of $20,615.05, a PE ratio of 11.03, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74.