KROGER

KR
Delayed Quote. Delayed  - 09/24 04:10:00 pm
33.43USD +0.45%

Kroger : Technically solid

Nicolas Aleksy
Contributor / Partner

Strategy published on : 09/15/2020 | 02:39

long trade
Stop-loss triggered

Entry price : 32.81$
Target : 36$
Stop-loss : 32$
Potential : 9.72%

Shares in Kroger show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 36.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The stock, which is currently worth 2021 to 0.31 times its sales, is clearly overvalued in comparison with peers.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The tendency within the weekly time frame is positive above the technical support level at 29.13 USD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 35.91.

● Low profitability weakens the company.

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