SuperValu Inc. (SVU) Given Average Recommendation of “Hold” by Analysts

Shares of SuperValu Inc. (NYSE:SVU) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.60.

A number of analysts recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 price objective on shares of SuperValu in a research report on Tuesday, May 30th. Pivotal Research reiterated a “buy” rating and issued a $38.50 price objective on shares of SuperValu in a research report on Wednesday, July 26th. Deutsche Bank AG reiterated a “hold” rating and issued a $28.00 price objective (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Zacks Investment Research upgraded SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, July 31st. Finally, ValuEngine upgraded SuperValu from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd.

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Shares of SuperValu (NYSE:SVU) opened at 19.30 on Wednesday. The company has a 50 day moving average of $23.16 and a 200 day moving average of $25.43. The firm has a market cap of $736.14 million, a PE ratio of 1.19 and a beta of 2.06. SuperValu has a 52 week low of $19.22 and a 52 week high of $40.18.

SuperValu (NYSE:SVU) last announced its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. On average, equities research analysts anticipate that SuperValu will post $2.36 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of SVU. Amalgamated Bank raised its position in SuperValu by 0.7% in 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 last quarter. State of Alaska Department of Revenue raised its position in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares during the last quarter. Sigma Planning Corp raised its position in SuperValu by 2.5% in 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 last quarter. The Manufacturers Life Insurance Company raised its position in SuperValu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock valued at $683,000 after buying an additional 1,492 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock valued at $643,000 after buying an additional 1,645 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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