Morgan Stanley Maintains SUPERVALU to Equal-weight with Price Target $5.00

Brokerage firm Morgan Stanley Maintains its rating on SUPERVALU(NYSE:SVU). In a research note issued to the investors, the brokerage major Lowers the price-target to $5.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.

SUPERVALU (SVU) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.62% at a volume of 20,85,877. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.93. The peak price level was also seen at $4.93 while the days lowest was $4.78. Finally the shares closed at $4.8. The 52-week high of the shares is $9.35 while the 52-week low is $3.94. According to the latest information available, the market cap of the company is $1,276 M.

SUPERVALU(SVU) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $5.20B. Analysts had an estimated revenue of $5.30B. Earnings per share were $0.19. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Nov 27, 2015, Wayne C Sales (director) sold 533,682 shares at $7.05 per share price.Also, On Nov 10, 2015, Luzuriaga Francesca Ruiz De (director) purchased 5,000 shares at $6.41 per share price.On Jan 9, 2015, Partners Llc Jana (10% owner) sold 4,667,412 shares at $9.32 per share price, according to the Form-4 filing with the securities and exchange commission.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company to which it provides wholesale distribution and Retail Food which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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