Kroger : The trend should regain control
06/17/2020 | 10:42am EST
Entry price :
32.52$ | Target : 42$ | Stop-loss : 29$ | Potential : 29.15%
Kroger's shares display attractive technical aspects to anticipate a comeback of the underlying trend. Investors have an opportunity to buy the stock and target the $ 42.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria. The company has solid fundamentals for a short-term investment strategy.
Considering the small differences between the analysts' various estimates, the group's business visibility is good. The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.3 for the 2021 fiscal year. The company's attractive earnings multiples are brought to light by a P/E ratio at 11.55 for the current year. Over the last seven days, analysts have been revising upwards their EPS estimates for the company. For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before. The tendency within the weekly time frame is positive above the technical support level at 26.86 USD
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal. The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend. The company has insufficient levels of profitability.
Subsector Food Retail & Distribution - NEC
1st jan. Capitalization (M$) Investor Rating
KROGER 13.83% 25 575
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Net income 2021
2 710 M
Net Debt 2021
12 471 M
P/E ratio 2021
25 575 M
25 575 M
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