- Kroger Co. (KR, Financial) sees a notable improvement in Q4 2024, with a 2.4% increase in identical sales excluding fuel.
- Analysts predict a slight downside for Kroger stock with an average price target of $67.64.
- GuruFocus estimates indicate a potential value drop, with a GF Value estimation of $52.73.
The Kroger Co. (NYSE: KR) has reported steady gains in the fourth quarter of 2024, showcasing a 2.4% growth in identical sales when fuel is excluded. This marks a solid advance for the grocery industry leader, as the company effectively enhances its gross margin by 54 basis points. The improvement is largely attributed to optimized pharmacy operations and strategic investments in digital sales. Additionally, Kroger’s broadened alliance with Express Scripts is poised to invigorate its health services division.
Wall Street Analysts' Outlook for Kroger Co.
As per the one-year price targets from 19 analysts, the average target price for The Kroger Co. (KR, Financial) is set at $67.64. This forecast includes a high estimate of $75.00 and a low of $57.00. These projections suggest a slight downside of 0.85% from the current stock price of $68.22. Further details can be accessed on the Kroger Co. (KR) Forecast page.
The brokerage community, represented by 25 firms, currently maintains an "Outperform" recommendation for The Kroger Co. (KR, Financial). The average brokerage recommendation stands at 2.3 on a scale where 1 equates to a Strong Buy and 5 to a Sell.
GuruFocus Valuation Insights
According to GuruFocus metrics, the estimated GF Value for Kroger Co. (KR, Financial) over the next year is $52.73. This suggests a potential downside of 22.71% from the current trading price of $68.22. The GF Value is derived from historical trading multiples, past business growth, and projected business performance. For a comprehensive overview, visit the Kroger Co. (KR) Summary page.
