SuperValu Inc. (SVU) Rating Reiterated by Deutsche Bank AG

Deutsche Bank AG reaffirmed their hold rating on shares of SuperValu Inc. (NYSE:SVU) in a report issued on Wednesday, July 26th. The brokerage currently has a $28.00 price target on the stock, down from their prior price target of $35.00.

A number of other analysts also recently issued reports on the stock. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a buy rating in a report on Thursday, April 27th. Morgan Stanley reiterated an equal weight rating and issued a $24.50 price objective (down from $31.50) on shares of SuperValu in a report on Monday, June 19th. Telsey Advisory Group decreased their target price on shares of SuperValu from $38.50 to $31.50 and set a market perform rating for the company in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of SuperValu from a sell rating to a hold rating in a research note on Monday, May 8th. Finally, Guggenheim reissued a neutral rating on shares of SuperValu in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. SuperValu has a consensus rating of Hold and an average target price of $32.08.

Shares of SuperValu (NYSE:SVU) traded up 1.24% during mid-day trading on Wednesday, hitting $22.92. 501,277 shares of the stock were exchanged. SuperValu has a 1-year low of $20.30 and a 1-year high of $40.18. The firm has a market cap of $874.21 million, a price-to-earnings ratio of 1.41 and a beta of 2.06. The company’s 50-day moving average is $23.22 and its 200-day moving average is $25.81.

SuperValu (NYSE:SVU) last announced its earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by $0.07. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Equities research analysts anticipate that SuperValu will post $2.36 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “SuperValu Inc. (SVU) Rating Reiterated by Deutsche Bank AG” was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/14/supervalus-svu-hold-rating-reaffirmed-at-deutsche-bank-ag-updated-updated.html.

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of SuperValu during the fourth quarter worth about $14,230,000. Dimensional Fund Advisors LP boosted its stake in shares of SuperValu by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,278,051 shares of the company’s stock worth $24,649,000 after buying an additional 269,524 shares during the last quarter. FMR LLC boosted its stake in shares of SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock worth $1,993,000 after buying an additional 2,200 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of SuperValu by 33.4% in the first quarter. First Trust Advisors LP now owns 256,799 shares of the company’s stock worth $991,000 after buying an additional 64,302 shares during the last quarter. Finally, Princeton Alpha Management LP boosted its stake in shares of SuperValu by 295.5% in the first quarter. Princeton Alpha Management LP now owns 42,789 shares of the company’s stock worth $165,000 after buying an additional 31,969 shares during the last quarter. 80.47% of the stock is owned by institutional investors.

About SuperValu

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)

Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply