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.
WARNING: “SuperValu Inc. (NYSE:SVU) Stock Rating Reaffirmed by Royal Bank Of Canada” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/28/supervalu-inc-svu-given-outperform-rating-at-royal-bank-of-canada.html.
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.
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.