Kroger Co [NYSE: KR] gained 0.07% or 0.04 points to close at $58.10 with a heavy trading volume of 4967475 shares.
The daily chart for KR points out that the company has recorded 8.27% gains over the past six months.
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If we look at the average trading volume of 3.88M shares, KR reached to a volume of 4967475 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $58.83 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 2.21. 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.
Exane BNP Paribas have made an estimate for Kroger Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 18, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $58 to $60. The new note on the price target was released on June 18, 2024, representing the official price target for Kroger Co stock. Previously, the target price had yet another raise from $58 to $65, while Wells Fargo kept a Overweight rating on KR stock.
The Average True Range (ATR) for Kroger Co is set at 1.00, with the Price to Sales ratio for KR stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 3.36, with the Price to Cash per share for the same quarter was set at 5.36. Price to Free Cash Flow for KR in the course of the last twelve months was 24.60 with Quick ratio for the last quarter at 0.46.
Trading performance analysis for KR stock
Kroger Co [KR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, KR shares gained by 3.12% in over the last four-week period, additionally plugging by 8.27% over the last 6 months – not to mention a rise of 36.90% 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 53.44, with the RSI for the last a single of trading hit 49.53, and the three-weeks RSI is set at 54.91 for Kroger Co [KR]. The present Moving Average for the last 50 days of trading for this stock 56.63, while it was recorded at 58.57 for the last single week of trading, and 53.88 for the last 200 days.
Kroger Co [KR]: A deeper dive into fundamental analysis
Kroger Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.87.
Kroger Co [KR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Kroger Co posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.92/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 6.00%.
An analysis of Institutional ownership at Kroger Co [KR]
There are presently around $75.44%, or 81.69%% of KR stock, in the hands of institutional investors. The top three institutional holders of KR stocks are: VANGUARD GROUP INC with ownership of 81.23 million shares, which is approximately 11.2659%. BLACKROCK INC., holding 61.78 million shares of the stock with an approximate value of $$3.08 billion in KR stocks shares; and BLACKROCK INC., currently with $$2.5 billion in KR stock with ownership which is approximately 6.9348%.
