Morgan Stanley Cuts SuperValu Inc. (SVU) Price Target to $20.50

SuperValu Inc. (NYSE:SVU) had its price objective decreased by Morgan Stanley from $22.50 to $20.50 in a research note published on Thursday, October 19th. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on SVU. ValuEngine raised shares of SuperValu from a hold rating to a buy rating in a report on Wednesday, October 18th. Northcoast Research reissued a neutral rating on shares of SuperValu in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of SuperValu from a buy rating to a hold rating in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an outperform rating and issued a $35.00 price target on shares of SuperValu in a report on Thursday, October 19th. Finally, BidaskClub downgraded shares of SuperValu from a sell rating to a strong sell rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. SuperValu presently has a consensus rating of Hold and a consensus price target of $30.33.

SuperValu (SVU) traded up 0.31% on Thursday, hitting $16.25. 1,561,171 shares of the company were exchanged. The firm has a market cap of $619.81 million, a price-to-earnings ratio of 1.00 and a beta of 2.13. The stock has a 50 day moving average price of $19.71 and a 200 day moving average price of $23.50. SuperValu has a one year low of $14.55 and a one year high of $36.68.

SuperValu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. On average, equities research analysts forecast that SuperValu will post $2.27 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank increased its position in shares of SuperValu by 0.7% during the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after buying an additional 246 shares during the period. Sigma Planning Corp increased its position in shares of SuperValu by 2.5% during the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of SuperValu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after purchasing an additional 1,492 shares during the last quarter. Texas Permanent School Fund increased its position in shares of SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock worth $643,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of SuperValu by 5.6% in 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 last quarter.

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.

Analyst Recommendations for SuperValu (NYSE:SVU)

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