Kroger (KR) Stock Forecast & Price Target

$55.36

+0.15 (+0.27%)

(As of 05:32 PM ET)

Kroger - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
3

Buy
8

Based on 12 Wall Street analysts who have issued ratings for Kroger in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 3 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for KR.

Consensus Price Target

$59.36
7.23% Upside

According to the 12 analysts' twelve-month price targets for Kroger, the average price target is $59.36. The highest price target for KR is $72.00, while the lowest price target for KR is $48.00. The average price target represents a forecasted upside of 7.23% from the current price of $55.36.

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KR Analyst Ratings Over Time

Type	Current Forecast 10/12/23 to 10/11/24	1 Month Ago 9/12/23 to 9/11/24	3 Months Ago 7/14/23 to 7/13/24	1 Year Ago 10/12/22 to 10/12/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$59.36	$58.64	$57.30	$52.40
Forecasted Upside	7.23% Upside	13.86% Upside	9.16% Upside	18.39% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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KR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Kroger Stock vs. The Competition

Type	Kroger	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.67	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.50% Upside	39.89% Upside	7.80% Upside
News Sentiment Rating	Neutral News See Recent KR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/9/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$62.00 ➝ $62.00	+10.16%
9/23/2024	Melius Research 0 of 5 stars	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$55.00	-1.56%
9/13/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$58.00 ➝ $59.00	+5.92%
9/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$62.00 ➝ $63.00	+14.11%
9/13/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$57.00 ➝ $58.00	+5.05%
7/22/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Graja Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$70.00 ➝ $72.00	+31.58%
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6/21/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Badishkanian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Bania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$58.00 ➝ $60.00	+17.53%
4/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$58.00 ➝ $65.00	+17.45%
4/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$48.00	-16.24%
3/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $61.00	+8.57%
12/1/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$52.00 ➝ $50.00	+12.99%
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$52.00	+13.81%
6/19/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$51.00 ➝ $48.00	+3.96%
6/16/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/16/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$54.00 ➝ $50.00	+9.00%
6/16/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $65.00	+41.46%
3/20/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$60.00	+28.26%
3/3/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
12/6/2022	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$58.00	+25.90%
12/5/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bill Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$50.00 ➝ $47.00	+2.00%
12/5/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$45.00 ➝ $50.00	+5.71%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:55 PM ET.

Should I Buy Kroger Stock? KR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 11, 2024. Please send any questions or comments about these Kroger pros and cons to contact@marketbeat.com.

Kroger
Bull Case

Here are some ways that investors could benefit from investing in The Kroger Co.:

The Kroger Co. has consistently paid dividends, offering investors a steady income stream. As of the latest available data, the company's dividend yield stands at 2.28%, providing a source of passive income.
Analysts have set a moderate buy rating on The Kroger Co.'s stock, indicating positive sentiment and potential for growth in the future. This suggests that market experts view the company's stock as undervalued or having room for appreciation.
Recent institutional inflows into The Kroger Co. indicate growing confidence from large investors. Institutions like hedge funds increasing their stakes can be a positive signal for retail investors, as it may signify belief in the company's future performance.
The Kroger Co.'s price-to-earnings ratio (P/E ratio) of 19.14 is in line with industry averages, potentially presenting a fair valuation for investors looking to enter the stock at a reasonable price.
With a beta of 0.47, The Kroger Co.'s stock has exhibited lower volatility compared to the overall market, providing a level of stability for risk-averse investors seeking a more predictable investment.

Kroger
Bear Case

Investors should be bearish about investing in The Kroger Co. for these reasons:

Despite positive analyst ratings, one investment analyst has issued a sell rating on The Kroger Co.'s stock, indicating a divergence in opinions within the market. This dissenting view may raise concerns about the company's future performance.
The Kroger Co.'s dividend payout ratio (DPR) of 43.69% suggests that a significant portion of the company's earnings is distributed as dividends, potentially limiting funds available for reinvestment in growth initiatives or future expansion.
While the company has shown stability, its price-to-earnings-growth ratio (PEG ratio) of 0.87 may indicate that the stock is slightly overvalued relative to its earnings growth potential. This could deter growth-oriented investors seeking higher returns.
Market conditions and competition in the food and retail industry can impact The Kroger Co.'s performance, leading to fluctuations in stock price. Investors should be aware of external factors that could influence the company's financial results.
Investors should consider the impact of macroeconomic factors such as inflation rates and consumer spending trends on The Kroger Co.'s business, as these external forces can affect the company's revenue and profitability.

KR Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Kroger is $59.36, with a high forecast of $72.00 and a low forecast of $48.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kroger in the last year. There is currently 1 sell rating, 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KR shares.
: According to analysts, Kroger's stock has a predicted upside of 7.23% based on their 12-month stock forecasts.
: Kroger has been rated by research analysts at Argus, Evercore ISI, JPMorgan Chase & Co., Melius Research, Morgan Stanley, and Telsey Advisory Group in the past 90 days.
: Analysts like Kroger more than other "retail/wholesale" companies. The consensus rating score for Kroger is 2.67 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how KR compares to other companies.