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Kroger Company (KR) Gets a Buy from Goldman Sachs

Tipranks - Tipranks - Tue Sep 15, 7:22AM CDT

In a report released on September 11, Leah Jordan from Goldman Sachs reiterated a Buy rating on Kroger Company, with a price target of $71.00. The company’s shares closed last Friday at $58.49.

According to TipRanks, Jordan is a 3-star analyst with an average return of 6.0% and a 41.18% success rate. Jordan covers the Consumer Defensive sector, focusing on stocks such as Kroger Company, Tyson Foods, and Cal-Maine Foods.

Currently, the analyst consensus on Kroger Company is a Moderate Buy with an average price target of $68.94, implying a 17.87% upside from current levels. In a report released today, Roth MKM also reiterated a Buy rating on the stock with a $73.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Kroger Company’s latest earnings release for the quarter ending August 15, the company reported a quarterly revenue of $34.62 billion and a net profit of $641 million. In comparison, last year the company earned a revenue of $33.94 billion and had a net profit of $609 million

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