Trade Report: Today, SuperValu Inc. (SVU) Receives $5.69 Consensus Price Target from Analysts

Today, SuperValu Inc. (SVU) Receives $5.69 Consensus Price Target from Analysts

Shares of SuperValu Inc. (NYSE:SVU) have received an average rating of “Hold” from the nine brokerages that are presently covering the company. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.69.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut SuperValu from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Pivotal Research reiterated a “buy” rating and set a $7.00 price target (down from $8.00) on shares of SuperValu in a report on Tuesday, October 18th. Telsey Advisory Group increased their price target on SuperValu from $5.00 to $6.50 and gave the stock a “market perform” rating in a report on Monday, August 15th. RBC Capital Markets reiterated a “sector perform” rating and set a $6.00 price target (down from $7.00) on shares of SuperValu in a report on Friday, September 9th. Finally, Royal Bank Of Canada lowered their price target on SuperValu from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Friday, September 9th.

SuperValu (NYSE:SVU) opened at 4.74 on Tuesday. SuperValu has a one year low of $3.94 and a one year high of $7.17. The company has a market capitalization of $1.26 billion, a P/E ratio of 7.82 and a beta of 1.96. The firm has a 50-day moving average of $4.67 and a 200-day moving average of $4.84.

SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The business earned $3.87 billion during the quarter, compared to analysts’ expectations of $3.95 billion. SuperValu had a negative return on equity of 46.28% and a net margin of 0.95%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. On average, analysts anticipate that SuperValu will post $0.63 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in SuperValu by 6.1% in the second quarter. Vanguard Group Inc. now owns 26,282,409 shares of the company’s stock worth $124,053,000 after buying an additional 1,507,700 shares in the last quarter. BlackRock Fund Advisors raised its stake in SuperValu by 40.8% in the third quarter. BlackRock Fund Advisors now owns 18,688,377 shares of the company’s stock worth $93,255,000 after buying an additional 5,418,327 shares in the last quarter. State Street Corp raised its stake in SuperValu by 2.3% in the first quarter. State Street Corp now owns 9,814,595 shares of the company’s stock worth $56,532,000 after buying an additional 224,193 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in SuperValu by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,416,196 shares of the company’s stock worth $46,987,000 after buying an additional 74,483 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in SuperValu by 31.3% in the third quarter. Principal Financial Group Inc. now owns 5,054,085 shares of the company’s stock worth $25,221,000 after buying an additional 1,205,041 shares in the last quarter. 82.49% of the stock is currently owned by institutional investors.

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