SuperValu Inc. (NYSE:SVU) Stock Rating Reaffirmed by Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of SuperValu Inc. (NYSE:SVU) in a research report report published on Thursday, October 19th, The Fly reports. The brokerage currently has a $35.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on SVU. ValuEngine raised SuperValu from a hold rating to a buy rating in a research report on Wednesday, October 18th. Northcoast Research reaffirmed a neutral rating on shares of SuperValu in a research report on Thursday, October 19th. Zacks Investment Research downgraded SuperValu from a buy rating to a hold rating in a report on Wednesday, August 9th. BidaskClub downgraded SuperValu from a sell rating to a strong sell rating in a report on Friday, August 11th. Finally, Pivotal Research set a $39.00 price target on SuperValu and gave the stock a buy rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. SuperValu has a consensus rating of Hold and a consensus target price of $30.33.

Shares of SuperValu (NYSE:SVU) traded up 0.31% on Thursday, reaching $16.25. 1,561,171 shares of the company traded hands. The stock has a market capitalization of $619.81 million, a P/E ratio of 1.00 and a beta of 2.13. The stock’s 50 day moving average price is $19.71 and its 200-day moving average price is $23.50. SuperValu has a one year low of $14.55 and a one year high of $36.68.

SuperValu (NYSE:SVU) last announced its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 35.5% on a year-over-year basis. Equities analysts forecast that SuperValu will post $2.27 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. acquired a new stake in shares of SuperValu during the third quarter worth about $252,000. Public Employees Retirement System of Ohio lifted its holdings in shares of SuperValu by 5.6% during the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after purchasing an additional 1,687 shares during the period. Amalgamated Bank lifted its holdings in shares of SuperValu by 0.7% during the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares during the period. Sigma Planning Corp lifted its holdings in shares of SuperValu by 2.5% during the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the period. Finally, Hartford Investment Management Co. acquired a new stake in shares of SuperValu during the second quarter worth about $149,000.

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.

The Fly

Analyst Recommendations for SuperValu (NYSE:SVU)

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