Stock Rating Downgrade
In the last week the Value Trend Rating for The Kroger Co. (NYSE: KR) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
The Kroger Co. (NYSE: KR) stock closed at $55.97 on 3/8/24 after a modest gain of 0.9%. Moreover, unusually high trading volume at 191% of normal accompanied the advance. The stock has risen 12.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KR is expected to continue to be a major Value Builder.
Kroger Co has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Kroger Co has a neutral Power Rating of 46 and a slightly negative Appreciation Score of 36, triggering the Negative Value Trend Rating.
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