SuperValu (SVU) Downgraded by ValuEngine

ValuEngine cut shares of SuperValu (NYSE:SVU) from a hold rating to a sell rating in a research note released on Wednesday morning.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of SuperValu from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Tuesday, March 13th. Royal Bank of Canada set a $34.00 price objective on shares of SuperValu and gave the stock a buy rating in a research note on Thursday, January 11th. Telsey Advisory Group reissued a market perform rating and issued a $18.00 price objective (down from $24.00) on shares of SuperValu in a research note on Thursday, January 11th. Goldman Sachs set a $14.00 price objective on shares of SuperValu and gave the stock a sell rating in a research note on Thursday, April 5th. Finally, Credit Suisse Group initiated coverage on shares of SuperValu in a research note on Tuesday. They issued an underperform rating and a $15.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $22.61.

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SVU opened at $14.36 on Wednesday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.47 and a current ratio of 1.24. SuperValu has a 1-year low of $13.60 and a 1-year high of $31.29. The company has a market capitalization of $568.83, a price-to-earnings ratio of 5.68 and a beta of 1.29.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. grew its stake in SuperValu by 1.1% during the fourth quarter. OppenheimerFunds Inc. now owns 458,458 shares of the company’s stock valued at $9,902,000 after acquiring an additional 4,803 shares in the last quarter. Lenox Wealth Management Inc. grew its stake in SuperValu by 24.4% during the fourth quarter. Lenox Wealth Management Inc. now owns 27,847 shares of the company’s stock valued at $601,000 after acquiring an additional 5,461 shares in the last quarter. Globeflex Capital L P purchased a new position in SuperValu during the fourth quarter valued at $126,000. Crossmark Global Holdings Inc. grew its stake in SuperValu by 53.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,725 shares of the company’s stock valued at $383,000 after acquiring an additional 6,147 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in SuperValu by 1.8% during the fourth quarter. Renaissance Technologies LLC now owns 370,555 shares of the company’s stock valued at $8,004,000 after acquiring an additional 6,500 shares in the last quarter. 91.42% of the stock is owned by institutional investors.

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About SuperValu

SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States. The company operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SuperValu (NYSE:SVU)

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