Royal Bank Of Canada set a $6.00 price target on SuperValu Inc. (NYSE:SVU) in a research report report published on Sunday. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating and set a $3.50 target price (down previously from $4.50) on shares of SuperValu in a report on Monday, June 19th. ValuEngine cut SuperValu from a buy rating to a hold rating in a report on Friday, June 2nd. Zacks Investment Research upgraded SuperValu from a sell rating to a hold rating in a report on Monday, May 15th. Telsey Advisory Group decreased their target price on SuperValu from $5.50 to $4.50 and set a market perform rating for the company in a report on Tuesday, June 27th. Finally, Guggenheim reiterated a neutral rating on shares of SuperValu in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. SuperValu currently has a consensus rating of Hold and an average price target of $4.92.

Shares of SuperValu (SVU) opened at 3.22 on Friday. The stock’s 50 day moving average is $3.46 and its 200 day moving average is $3.80. The firm has a market cap of $859.74 million, a PE ratio of 1.31 and a beta of 2.02. SuperValu has a 12 month low of $2.90 and a 12 month high of $5.74.

SuperValu (NYSE:SVU) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, analysts anticipate that SuperValu will post $0.36 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new stake in SuperValu during the first quarter valued at about $135,000. Sigma Planning Corp raised its stake in SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock valued at $155,000 after buying an additional 3,790 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.

SuperValu Company Profile

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Analyst Recommendations for SuperValu (NYSE:SVU)

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