SuperValu (NYSE:SVU) had its target price decreased by Morgan Stanley from $17.00 to $15.50 in a research report issued on Thursday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 8.98% from the company’s current price.

SVU has been the topic of several other research reports. Zacks Investment Research raised SuperValu from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Monday, April 9th. Royal Bank of Canada set a $34.00 price target on SuperValu and gave the stock a “buy” rating in a report on Thursday, January 11th. Credit Suisse Group began coverage on SuperValu in a report on Tuesday, April 17th. They issued an “underperform” rating and a $15.00 price target on the stock. ValuEngine downgraded SuperValu from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Goldman Sachs set a $14.00 price target on SuperValu and gave the stock a “sell” rating in a report on Thursday, April 5th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. SuperValu presently has a consensus rating of “Hold” and a consensus price target of $20.39.

Shares of NYSE SVU opened at $17.03 on Thursday. The company has a market capitalization of $634.84, a P/E ratio of 8.27 and a beta of 1.29. SuperValu has a 12-month low of $13.60 and a 12-month high of $29.68. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.47 and a current ratio of 1.20.

SuperValu (NYSE:SVU) last announced its quarterly earnings results on Tuesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.18). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.93 billion. SuperValu had a return on equity of 20.95% and a net margin of 0.29%. The company’s revenue for the quarter was up 42.1% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. research analysts forecast that SuperValu will post 2.09 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of SVU. Towle & Co. acquired a new stake in SuperValu in the 4th quarter valued at approximately $36,016,000. Private Management Group Inc. acquired a new stake in SuperValu in the 4th quarter valued at approximately $11,897,000. Allianz Asset Management GmbH increased its position in SuperValu by 77.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,208,935 shares of the company’s stock valued at $26,113,000 after acquiring an additional 528,839 shares during the period. Boston Partners increased its position in SuperValu by 86.2% in the 4th quarter. Boston Partners now owns 671,740 shares of the company’s stock valued at $14,510,000 after acquiring an additional 310,893 shares during the period. Finally, Royce & Associates LP increased its position in SuperValu by 75.7% in the 4th quarter. Royce & Associates LP now owns 599,607 shares of the company’s stock valued at $12,952,000 after acquiring an additional 258,300 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

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.

Analyst Recommendations for SuperValu (NYSE:SVU)

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