Longbow Research Upgrades Supervalu to Buy (SVU)

By admin | 6 years ago

Supervalu (NYSE: SVU) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $8.00 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Supervalu in a research note to investors on Monday, April 30th. They set a “sell” rating and a $5.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Supervalu in a research note to investors on Thursday, April 26th. They now have a $6.50 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Supervalu in a research note to investors on Monday, April 23rd.

Supervalu opened at 4.86 on Monday. Supervalu has a 1-year low of $4.62 and a 1-year high of $10.41. The company’s market cap is $1.032 billion.

Supervalu last released its earnings data on Tuesday, April 10th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.02. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts expect that Supervalu will post $0.29 EPS next quarter.

SUPERVALU INC. (SUPERVALU) is a United States grocery channel. It operates in two segments: Retail food and Independent business.

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