Last Updated: 17 Sep 2024
Executive Summary
Kroger Company (KR) is a leading American grocery retailer with a market capitalization of $40.42 billion. The company has a strong financial position with an EBITDA of $8.07 billion and a profit margin of 1.86%. Kroger's stock is currently trading at $56.19, below its 52-week high of $57.68. Analysts have a positive outlook on the stock, with a consensus analyst target price of $58.34.
Company Overview
Kroger was founded in 1883 and is headquartered in Cincinnati, Ohio. The company operates over 2,700 stores in 35 states and the District of Columbia. Kroger offers a wide variety of products, including groceries, pharmaceuticals, and home goods. The company also has a strong online presence, with an e-commerce platform that offers grocery delivery and pickup services.
Fundamental Analysis
Kroger's financial performance has been mixed in recent years. The company's revenue has declined slightly in recent quarters, but its earnings per share have remained relatively stable. Kroger's profit margin has also declined in recent years, but the company remains profitable.
Technical Analysis
Kroger's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
In the short term, Kroger's stock is likely to continue to trade in a downtrend. The stock is facing headwinds from rising inflation and interest rates. However, the company's strong financial position and positive analyst outlook provide some support for the stock.
Long Term Outlook
In the long term, Kroger's stock is likely to perform well. The company has a strong brand name and a loyal customer base. Kroger is also well-positioned to benefit from the growing trend of online grocery shopping.
Analyst Recommendations
Analysts have a positive outlook on Kroger's stock. The consensus analyst target price is $58.34, which represents a potential upside of 3.7% from the current price. Five analysts rate the stock as a "strong buy," six rate it as a "buy," and ten rate it as a "hold." Only one analyst rates the stock as a "sell."
