Market Analysts see Kroger Co. [KR] gaining to $52. Time to buy?

Kroger Co. [NYSE: KR] traded at a low on 11/17/23, posting a -0.52 loss after which it closed the day’ session at $42.44. The company report on November 17, 2023 at 1:00 PM that Kroger Receives Recognition 2023 Progressive Grocer Impact Awards.

Retailer awarded for Diversity, Equity and Inclusion and Zero Hunger | Zero Waste.

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The Kroger Co. (NYSE: KR) today announced Progressive Grocer recognized the retailer in both the Diversity, Equity and Inclusion, and Sustainability and Resource Conservations categories in this year’s Impact Awards. These awards honor excellence among retailers whose wide-ranging efforts are improving lives, creating opportunity and having a positive impact at the local and global level.

The results of the trading session contributed to over 10514727 shares changing hands. Over the past one week, the price volatility of Kroger Co. stands at 1.88% while the volatility over the past one month is 1.67%.

The market cap for KR stock reached $30.53 billion, with 716.00 million shares outstanding and 713.83 million shares in the current float. Compared to the average trading volume of 4.57M shares, KR reached a trading volume of 10514727 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Kroger Co. [KR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KR shares is $50.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KR stock is a recommendation set at 2.54. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for Kroger Co. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 22, 2023.

The Average True Range (ATR) for Kroger Co. is set at 0.82, with the Price to Sales ratio for KR stock in the period of the last 12 months amounting to 0.21. The Price to Book ratio for the last quarter was 2.88, with the Price to Cash per share for the same quarter was set at 4.95. Price to Free Cash Flow for KR in the course of the last twelve months was 10.57 with Quick ratio for the last quarter at 0.36.

How has KR stock performed recently?

Kroger Co. [KR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.30. With this latest performance, KR shares dropped by -4.63% in over the last four-week period, additionally sinking by -14.50% over the last 6 months – not to mention a drop of -11.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KR stock in for the last two-week period is set at 32.20, with the RSI for the last a single of trading hit 25.74, and the three-weeks RSI is set at 36.09 for Kroger Co. [KR]. The present Moving Average for the last 50 days of trading for this stock 44.70, while it was recorded at 43.61 for the last single week of trading, and 46.58 for the last 200 days.

Kroger Co. [KR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Kroger Co. [KR] shares currently have an operating margin of +3.06 and a Gross Margin at +19.43. Kroger Co.’s Net Margin is presently recorded at +1.50.

Return on Total Capital for KR is now 15.03, given the latest momentum, and Return on Invested Capital for the company is 7.78. Return on Equity for this stock inclined to 22.82, with Return on Assets sitting at 4.28. When it comes to the capital structure of this company, Kroger Co. [KR] has a Total Debt to Total Equity ratio set at 203.27. Additionally, KR Total Debt to Total Capital is recorded at 67.03, with Total Debt to Total Assets ending up at 39.10. Long-Term Debt to Equity for the company is recorded at 183.63, with the Long-Term Debt to Total Capital now at 60.55.

Reflecting on the efficiency of the workforce at the company, Kroger Co. [KR] managed to generate an average of $5,172 per employee. Receivables Turnover for the company is 73.00 with a Total Asset Turnover recorded at a value of 2.85.Kroger Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.36 and a Current Ratio set at 0.78.

Earnings analysis for Kroger Co. [KR]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kroger Co. go to 8.00%.

Insider trade positions for Kroger Co. [KR]

The top three institutional holders of KR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in KR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in KR stock with ownership which is approximately 5.7994%.