#3 - Kroger (NYSE:KR)
As a pure-play on groceries, there are few companies that are a better bet than Kroger (NYSE:KR). Traditional supermarket chains have notoriously thin margins and face competition. Both of these act as headwinds for stock growth in normal times.
In an understatement of epic proportions, these are not normal times. And Kroger has proven to be more than up for the challenges of 2020. And as much as all of us would like to wish differently, we’re still going to be dealing with the novel coronavirus for a good bit of 2021, which makes Kroger a good stock to add to your portfolio.
The company posted strong earnings and revenue in the previous quarter including with growth in its digital sales. This is significant because even when the economy reopens in full, many shopping habits have been changed for good. Many Americans will still look to have their groceries delivered. And Kroger has made strategic investments in its online delivery and pickup services which should position it well for whatever comes next.
About Kroger
The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
Read More - Current Price
- $59.22
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $60.09 (1.5% Upside)
