Credit Suisse Keeps Their Hold Rating on Kroger Company

By Jason Carr

Credit Suisse analyst Judah Frommer maintained a Hold rating on Kroger Company (NYSE: KR) on June 28 and set a price target of $31. The company’s shares closed yesterday at $28.45.

According to TipRanks.com, Frommer is a 2-star analyst with an average return of 4.1% and a 58.3% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and US Food Holdings Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kroger Company with a $30.33 average price target, representing a 6.6% upside. In a report issued on June 25, Pivotal Research also downgraded the stock to Hold with a $31 price target.

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Kroger Company’s market cap is currently $22.65B and has a P/E ratio of 6.84. The company has a Price to Book ratio of 3.26.

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The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets. The combination food and drug Stores are the primary food store format.