SuperValu (SVU) Upgraded to Buy by ValuEngine
ValuEngine upgraded shares of SuperValu (NYSE:SVU) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
SVU has been the subject of several other research reports. Royal Bank Of Canada set a $42.00 target price on shares of SuperValu and gave the stock a buy rating in a research note on Monday, August 28th. Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a buy rating in a research note on Wednesday, August 23rd. Wells Fargo & Company started coverage on shares of SuperValu in a research note on Friday, November 3rd. They issued a market perform rating and a $16.00 target price for the company. Morgan Stanley reduced their target price on shares of SuperValu from $22.50 to $20.50 and set an equal weight rating for the company in a research note on Thursday, October 19th. Finally, Goldman Sachs Group reiterated a sell rating and issued a $14.00 target price on shares of SuperValu in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. SuperValu presently has a consensus rating of Hold and a consensus target price of $26.50.
SuperValu (SVU) traded up $0.68 during midday trading on Thursday, hitting $19.59. 1,192,100 shares of the stock traded hands, compared to its average volume of 817,810. SuperValu has a 12-month low of $14.55 and a 12-month high of $35.91. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.57 and a current ratio of 1.21. The company has a market cap of $711.71, a price-to-earnings ratio of 7.89 and a beta of 2.29.
SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s revenue was up 35.5% compared to the same quarter last year. equities analysts forecast that SuperValu will post 2.26 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Amalgamated Bank boosted its holdings in shares of SuperValu by 0.7% in the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after buying an additional 246 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of SuperValu by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of SuperValu by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after buying an additional 1,492 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of SuperValu by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock worth $643,000 after buying an additional 1,645 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in SuperValu by 5.6% during the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after purchasing an additional 1,687 shares during the last quarter. 83.25% of the stock is currently owned by institutional investors.
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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.
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