Argus Research Maintains The Kroger Co to Buy with Price Target $43.00

Brokerage firm Argus Research Maintains its rating on The Kroger Co(NYSE:KR). In a research note issued to the investors, the brokerage major Lowers the price-target to $43.00 per share. The shares have been rated Buy. The rating by Argus Research was issued on Sep 12, 2016.

In a different note, On Aug 31, 2016, Jefferies said it Maintains its rating on The Kroger Co. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 30, 2016, Citigroup said it Maintains its rating on The Kroger Co. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 29, 2016, Citigroup said it Maintains its rating on The Kroger Co. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 24, 2016, Oppenheimer said it Maintains its rating on The Kroger Co. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 23, 2016, Cleveland Research said it Downgrades its rating on The Kroger Co. The shares have been rated ‘Hold’ by the firm. On Aug 2, 2016, BMO Capital said it Downgrades its rating on The Kroger Co. The shares have been rated ‘Market Perform’ by the firm.

The Kroger Co (KR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.97% or 0.3 points. Due to strong positive momentum, the stock ended at $31.09, which is also near the day’s high of $31.38. The stock began the session at $30.95 and the volume stood at 61,14,251 shares. The 52-week high of the shares is $42.75 and the 52 week low is $30.45. The company has a current market capitalization of $29,504 M and it has 94,89,92,300 shares in outstanding.

The Kroger Co(KR) last announced its earnings results on Sep 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $26.57B. Analysts had an estimated revenue of $26.82B. Earnings per share were $0.47. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Oflen Mary Elizabeth Van (Vice President & Controller) sold 12,000 shares at $37.85 per share price.Also, On May 9, 2016, Christopher Conlon (Executive Vice President) sold 15,000 shares at $35.43 per share price.On Apr 11, 2016, Ronald Sargent (director) sold 3,000 shares at $38.09 per share price, according to the Form-4 filing with the securities and exchange commission.

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

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