Pivotal Research reissued their buy rating on shares of SuperValu Inc. (NYSE:SVU) in a research report report published on Wednesday. Pivotal Research currently has a $5.50 price objective on the stock.

“We can support a price target of $5.50 excluding any longer-term synergy benefits from Unified. Any sale/leaseback transaction in Wholesale or accretive M&A activity in the Retail segment would result in further upside to our $5.50 price target.”,” the firm’s analyst commented.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating and set a $3.50 price target (down previously from $4.50) on shares of SuperValu in a report on Monday, June 19th. Zacks Investment Research downgraded SuperValu from a hold rating to a sell rating in a report on Wednesday, June 21st. ValuEngine downgraded SuperValu from a buy rating to a hold rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $6.00 price target on SuperValu and gave the stock a buy rating in a report on Thursday, April 27th. Finally, Deutsche Bank AG reiterated a hold rating and set a $4.00 price target (down previously from $5.00) on shares of SuperValu in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. SuperValu has a consensus rating of Hold and a consensus price target of $4.70.

SuperValu (NYSE SVU) traded down 1.12% during trading on Wednesday, hitting $3.54. 2,280,773 shares of the company traded hands. The firm has a market capitalization of $945.18 million, a P/E ratio of 1.53 and a beta of 2.02. The stock has a 50-day moving average price of $3.36 and a 200-day moving average price of $3.75. SuperValu has a 12-month low of $2.90 and a 12-month high of $5.74.

SuperValu (NYSE:SVU) last issued its earnings results on Tuesday, July 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $0.19 earnings per share. SuperValu’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that SuperValu will post $0.31 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/supervalu-inc-nysesvu-given-buy-rating-at-pivotal-research/1462848.html.

A number of large investors have recently made changes to their positions in SVU. State of Alaska Department of Revenue increased its stake in shares of SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares during the period. Sigma Planning Corp increased its stake in shares of SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares during the period. Texas Permanent School Fund increased its stake in shares of SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock valued at $643,000 after buying an additional 1,645 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after buying an additional 1,687 shares during the period. Finally, US Bancorp DE increased its position in shares of SuperValu by 2.5% in the second quarter. US Bancorp DE now owns 74,027 shares of the company’s stock worth $244,000 after buying an additional 1,836 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

About SuperValu

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Analyst Recommendations for SuperValu (NYSE:SVU)

Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.