- Kroger's (KR, Financial) defensive positioning makes it an attractive consideration for investors amid economic instability.
- Wall Street analysts provide a mixed outlook, with target prices suggesting both potential upside and downside.
- The stock displays an "Outperform" rating, although GuruFocus indicates a possible overvaluation.
In a climate of economic uncertainty, Kroger Co. (NYSE: KR) stands out as a sound defensive investment. As households become more budget-conscious, Kroger's robust portfolio of private-label products may become increasingly appealing, potentially driving the company's performance higher. Despite some previous divestments from the stock, Kroger's strong market positioning continues to make it a formidable choice for prudent investors.
Wall Street Analysts Forecast
According to the latest data from 19 Wall Street analysts, The Kroger Co. (KR, Financial) has been assigned an average one-year price target of $67.64. The estimates range from a high of $75.00 to a low of $57.00. With the current stock price at $67.18, this consensus target suggests a potential upside of 0.68%. For those looking for more detailed predictions, visit the Kroger Co. (KR) Forecast page.
Brokerage firms collectively rate Kroger with an average recommendation score of 2.3, which designates an "Outperform" status. The recommendation scale spans from 1, indicating a Strong Buy, to 5, signifying a Sell, reflecting the market's generally positive outlook towards the stock.
However, GuruFocus presents a more conservative view. Based on its proprietary metrics, the estimated GF Value for Kroger in a year is projected at $52.71. This figure implies a potential downside of 21.54% from the current stock price of $67.18. The GF Value is calculated by assessing historical trading multiples and taking into account both past growth and future business forecasts. For a comprehensive view, refer to the Kroger Co. (KR, Financial) Summary page.
