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Kroger: Can We Expect a Solid Quarter this Time?

PART:
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Part 5
Kroger: Can We Expect a Solid Quarter this Time? PART 5 OF 5

Why Wall Street Thinks Kroger Stock Has Upside of 20%

Comparing Kroger’s ratings with peers’

Kroger (KR) is covered by 26 Wall Street analysts. The supermarket giant is currently rated a 2.6 on a scale of 1 (strong buy) to 5 (sell). It was rated a 2.2 almost a year ago. This deterioration is a result of the company’s falling comps, plunging bottom-line, and difficult near-term outlook.

In comparison, Sprouts Farmers Market (SFM), Walmart (WMT), and Costco (COST) are rated 2.3, 2.5, and 2.1, respectively. Whole Foods Market (WFM), however, has a lower rating of 3.0.

Why Wall Street Thinks Kroger Stock Has Upside of 20%

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Wall Street’s view on Kroger

Of the analysts covering Kroger, 54% have recommended holding the stock. Morgan Stanley, Loop Capital, and Telsey Advisory Group are among the brokers with “hold” recommendations on the stock.

35% of analysts recommend buying Kroger, compared to 42% “buy” ratings for Walmart, 52% for Sprouts Farmers, and 20% for Whole Foods. RBC Capital has set a “buy” rating on Kroger’s stock.

12% of analysts, including Stephens & Co, suggest selling the stock, compared to 10%, 0%, and 9% “sell” ratings for Whole Foods, Sprouts Farmers, and Walmart.

A look at the target price

Kroger is currently trading at $21.81, ~67% below its 52-week high price. Analysts expect the company’s stock price to hit $26.14 over the next 12 months, which indicates upside potential of ~20%. Individual price targets range between $20 and $34.

Investors looking to invest in Kroger through ETFs can choose to invest in the First Trust Nasdaq Retail ETF (FTXD). KR has a weight of approximately 3% in the ETF.

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