Stock Rating Upgrade
The Value Trend Rating for The Kroger Co. (NYSE: KR) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 7/29/24, The Kroger Co. (NYSE: KR) stock declined slightly by -0.1%, closing at $54.20. However, this decline was accompanied by unusually low trading volume at 63% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.6% during the last week.
Current PriceTarget Research Rating
KR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Kroger Co has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kroger Co has a neutral Appreciation Score of 48 but a good Power Rating of 73, leading to the Positive Value Trend Rating.
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