SuperValu Inc. (SVU) Trading Up 1.9%
SuperValu Inc. (NYSE:SVU)’s share price was up 1.9% during trading on Wednesday . The company traded as high as $5.49 and last traded at $5.48, with a volume of 32,036,830 shares traded. The stock had previously closed at $5.38.
A number of equities analysts have commented on SVU shares. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Monday, July 4th. Telsey Advisory Group boosted their price target on shares of SuperValu from $5.00 to $6.50 and gave the company a “market perform” rating in a research note on Monday, August 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $7.00 price objective on shares of SuperValu in a report on Thursday, July 28th. Morgan Stanley restated a “hold” rating and issued a $5.50 price objective on shares of SuperValu in a report on Friday, June 10th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $5.00 price objective on shares of SuperValu in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. SuperValu has an average rating of “Hold” and a consensus target price of $6.34.
The firm has a market cap of $1.45 billion and a PE ratio of 9.19. The firm has a 50 day moving average of $5.16 and a 200 day moving average of $5.08.
SuperValu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The business earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts predict that SuperValu Inc. will post $0.67 earnings per share for the current year.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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