Evercore ISI Maintains Their Hold Rating on Kroger Company (KR)

In a report released yesterday, Michael Montani from Evercore ISI maintained a Hold rating on Kroger Company (KRResearch Report). The company’s shares closed last Monday at $42.88.

According to TipRanks.com, Montani is a 3-star analyst with an average return of 13.8% and a 64.7% success rate. Montani covers the Consumer Goods sector, focusing on stocks such as Albertsons Companies, Dollar General, and Ocado Group.

Currently, the analyst consensus on Kroger Company is a Hold with an average price target of $40.88, implying a -4.5% downside from current levels. In a report issued on September 7, Wells Fargo also maintained a Hold rating on the stock with a $46.00 price target.

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Kroger Company’s market cap is currently $32.04B and has a P/E ratio of 20.20. The company has a Price to Book ratio of 6.16.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KR in relation to earlier this year.

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Founded in 1883, The Kroger Co. is a Ohio-based retailer, which is engaged in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets.