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.
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.
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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.
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