Goldman lowered the price target for the The Kroger Co. (NYSE:KR) stock from “a Neutral” to “a Sell”. The rating was released on May 04, 2021. We previously noted in another research note published on February 23, 2021 by BofA Securities that downgraded the stock from a Neutral to an Underperform with a price target of $28 for KR stock. The research report from Telsey Advisory Group has downgraded the stock from Outperform to Market Perform, with a price target set at $39. The stock was downgraded by Morgan Stanley, who disclosed in a research note on January 20, 2021, from Equal-Weight to Underweight and set the price objective to $28. In their research brief published January 07, 2021, Barclays analysts downgraded the The Kroger Co. stock from Equal Weight to Underweight with a price target of $31.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of The Kroger Co. (NYSE:KR) dipped -2.50% to close Tuesday’s market session at $37.41, lower as compared to yesterday’s close. The stock price fluctuated between $37.36 and $38.15 throughout the trading session with the volume trading being 9087031 shares, which represented a significant variation when compared to the three months average volume of 8.13 million shares. The firm’s stock price fluctuated -4.95% within the last five trades and -3.11% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.43% in the last 6 months and 1.41% was added to its value over the previous 3 months. KR stock is trading at a margin of -3.50%, -0.95% and 7.80% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, KR deals in the Consumer Defensive domain. The stock is trading -12.98 percent below its 52-week high and 23.26 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 13.18. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does The Kroger Co.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $27.78 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for The Kroger Co. (NYSE:KR) is 19.50. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.27. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.21 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.04, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.80 percent of The Kroger Co. shares are owned by insiders, and 87.00 percent are held by financial institutions. Kaufman Calvin J, the Senior Vice President at The Kroger Co. (KR) has sold 14,425 shares of firm on Jun 23 at a price of $39.51 against the total amount of $0.57 million. In another inside trade, Tuffin Mark C, Senior Vice President of The Kroger Co. (NYSE:KR) sold 50,720 shares of the firm on Jun 22 for a total worth of $2.03 million at a price of $40.01. An inside trade which took place on Apr 19, Senior Vice President of The Kroger Co. Massa Timothy A sold 16,000 shares of firm against total price of $0.6 million at the cost of $37.58 per share.