Last Updated: 07 Nov 2024
Executive Summary
Kroger Company (KR) is a leading American grocery retailer with a market capitalization of $41.52 billion. The company has a strong financial position with an EBITDA of $8.068 billion and a profit margin of 1.86%. Kroger is currently trading at $59.8, below its 52-week high of $59.92. Analysts have a positive outlook on Kroger, with a consensus target price of $59.28 and 17 out of 22 analysts rating the stock as a "Buy" or "Strong Buy."
Company Overview
Kroger was founded in 1883 and is headquartered in Cincinnati, Ohio. The company operates over 2,700 grocery stores in 35 states, serving over 60 million customers each year. Kroger offers a wide variety of products, including groceries, pharmacy items, and general merchandise. The company also has a strong online presence, with its website and mobile app allowing customers to order groceries for delivery or pickup.
Fundamental Analysis
Kroger has a strong financial position. The company's revenue has grown steadily in recent years, reaching $150.2 billion in the past 12 months. Kroger's profit margin has also improved in recent years, reaching 1.86% in the past 12 months. The company's earnings per share (EPS) has also grown steadily, reaching $3.82 in the past 12 months.
Kroger's balance sheet is also strong. The company has a low level of debt and a high level of cash on hand. Kroger's current ratio is 1.2, which is a measure of the company's ability to meet its short-term obligations.
Technical Analysis
Kroger's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is overbought.
Short Term Outlook
Kroger's stock price is likely to continue to trend higher in the short term. The stock is trading above its key moving averages and the RSI is above 50. The company's strong financial position and positive analyst sentiment are also supportive of a bullish outlook.
Long Term Outlook
Kroger's long-term outlook is also positive. The company is a leader in the grocery industry and is well-positioned to benefit from the growing demand for online grocery shopping. Kroger's strong financial position and positive analyst sentiment also support a bullish long-term outlook.
Analyst Recommendations
Analysts have a positive outlook on Kroger. The consensus target price for the stock is $59.28, and 17 out of 22 analysts rate the stock as a "Buy" or "Strong Buy."
