The shares of The Kroger Co. (NYSE:KR) has been pegged with a rating of Market Perform by Telsey Advisory Group in its latest research note that was published on October 31st, 2018. The research company has also assigned a $31 price target. Telsey Advisory Group wasn’t the only research firm that published a report of The Kroger Co., with other equities research analysts also giving their opinion on the stock. Telsey Advisory Group advised investors in its research note published on September 13th, 2018, to Market Perform the KR stock. The stock had earned Buy rating from Citigroup when it published its report on July 6th, 2018. The stock was given Hold rating by Deutsche Bank in its report released on July 2nd, 2018, the day when the price target on the stock was placed at $30. Pivotal Research Group was of a view that KR is Hold in its latest report on June 25th, 2018 while giving it a price target of $31. Telsey Advisory Group thinks that KR is worth Market Perform rating. This was contained in the firm’s report on June 22nd, 2018 in which the stock’s price target was also moved to $29.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $30.96. The price of the stock the last time has raised by 29.37% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.26.
The shares of the company added by 3.21% during the trading session on Thursday, reaching a low of $27.77 while ending the day at $29.56. During the trading session, a total of 16.35 million shares were traded which represents a -78.48% decline from the average session volume which is 9.16M shares. KR had ended its last session trading at 28.64. The Kroger Co. currently has a market cap of $24.13B, while its P/E ratio stands at 8.83, while its P/E earnings growth sits at 0.19, with a beta of 0.79. The Kroger Co. debt-to-equity ratio currently stands at 1.97, while its quick ratio hovers at 0.30. KR 52-week low price stands at $22.85 while its 52-week high price is $32.74.
The company in its last quarterly report recorded $0.41 earnings per share which is above the $0.38 predicted by most analysts. The The Kroger Co. generated $27,869.00 million in revenue during the last quarter, which is slightly lower than the $27,952.90 million predicted by analysts. In the second quarter last year, the firm recorded $0.73 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -78.05%. The Kroger Co. has the potential to record 3.35 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Argus published a research note on October 19th, 2018 where it informed investors and clients that Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) is now rated as Buy. Telsey Advisory Group also rated ERIC as Reiterated on September 13th, 2018, with its price target of $47 suggesting that ERIC could surge by 7.76% from its current share price. Even though the stock has been trading at $8.42/share, analysts expect it to surge higher by 4.51% to reach $9.54/share. It started the day trading at $8.81 and traded between $8.475 and $8.80 throughout the trading session.
A look at its technical shows that ERIC’s 50-day SMA is 8.69 while its 200-day SMA stands at 7.83. The company’s average trading volume currently stands at 6.45M shares, which means that the short-interest ratio is just 2.41 days. Over the past seven days, the company moved, with its shift of 4.14%. Looking further, the stock has raised 2.33% over the past 90 days while it gained 21.21% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. PRIMECAP Management Co bought more ERIC shares, increasing its portfolio by +0.87% during the last quarter. This move now sees PRIMECAP Management Co purchasing 1,143,200 shares in the last quarter, thus it now holds 132,741,106 shares of ERIC, with a total valuation of $1,149,537,978. Hotchkis Wiley Capital Manageme meanwhile sold more ERIC shares in the recently filed quarter, changing its stake to $529,152,820 worth of shares. Morgan Stanley Co LLC followed the path by increasing its ERIC portfolio by +12.15% in the quarter. This means that Morgan Stanley Co LLC bought 539,764 shares in the last quarter and now controls 4,980,831 shares of the ERIC stock, with the valuation hitting $43,133,996.
Similarly, Citadel Advisors LLC decreased its Telefonaktiebolaget LM Ericsson (publ) shares by -6.76% during the recently filed quarter. After selling -270,357 shares in the last quarter, the firm now controls 3,730,764 shares of Telefonaktiebolaget LM Ericsson (publ) which are valued at $32,308,416. In the same vein, Fidelity Management Research Co decreased its Telefonaktiebolaget LM Ericsson (publ) shares by during the most recent reported quarter. The firm sold -1,049,875 shares during the quarter which decreased its stakes to 3,600,235 shares and is now valued at $31,178,035. Following these latest developments, around 0.90% of Telefonaktiebolaget LM Ericsson (publ) stocks are owned by institutional investors and hedge funds.