Kroger Co. (KR)
Is The Kroger Co. (KR) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Kroger upgraded to Buy from Hold at Jefferies
Jefferies analyst Rob Dickerson upgraded Kroger (KR) to Buy from Hold with a price target of $73, up from $54. BMO Capital downgraded the shares this morning. Jefferies says that if the if the Albertsons (ACI) deal closes, it sees a path to double-digit earnings and 30%-plus free cash flow accretion potential via right-sizing of Albertsons' working capital. If the deal does not close, Kroger keeps $6B of debt it raised for the merger, acting as support for the stock and driving earnings upside via share buybacks, the analyst tells investors in a research note. Concurrently, Kroger's foot traffic trends have been sequentially improving, while its fuel business is structurally more profitable now than pre-pandemic, "an incremental kicker," adds Jefferies. Kroger -0.9 (-1.47%) Albertsons -0.37 (-1.86%)
What Analysts Think of Kroger Stock Ahead of Earnings
The Kroger Co. (KR) is set to report third-quarter results ahead of market open Thursday, with the grocery giant awaiting a decision on the Federal Trade Commission's (FTC) legal challenge to its proposed merger with Albertsons Companies (ACI).
Kroger (KR) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kroger (KR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
Buffett Pick Kroger Just Paid Investors: Here's How Much They Got
24/7 Wall St. Insights Kroger Co. (NYSE: KR) just rewarded its shareholders again with a quarterly dividend.
Kroger to Post Q3 Earnings: Key Factors Investors Should Note
KR's focus on fresh products, digital innovation and personalized shopping experiences positions it to drive growth in a dynamic retail landscape.
Wall Street Analysts Think Kroger (KR) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Kroger (KR) Outperforms Broader Market: What You Need to Know
Kroger (KR) concluded the recent trading session at $60.09, signifying a +1.47% move from its prior day's close.
Kroger (KR) Ascends But Remains Behind Market: Some Facts to Note
In the latest trading session, Kroger (KR) closed at $58.06, marking a +0.07% move from the previous day.
Kroger (KR) Stock Drops Despite Market Gains: Important Facts to Note
In the most recent trading session, Kroger (KR) closed at $59.60, indicating a -0.52% shift from the previous trading day.
The Kroger Co. (KR) Hit a 52 Week High, Can the Run Continue?
Kroger (KR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Should Value Investors Buy The Kroger Co. (KR) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
