Sheryar Siddiq
2 min read
In This Article:
The Kroger Co. (NYSE:KR) is one of the 8 cheap beginner stocks to buy right now. On June 9, UBS reiterated its Neutral rating on The Kroger Co. (NYSE:KR), keeping its price target at $66. As the retailer gets closer to its first-quarter earnings release, which is set for June 20, the firm’s analysis hints at a mixed picture.
According to the firm, the market is likely to concentrate on a few important issues of Kroger’s performance. Among these is Kroger’s competitive position in the market, where it continues to have a leading position in the distribution and retail of consumer staples. In the near to immediate term though, Kroger’s market performance may be impacted by a number of possible catalysts and obstacles, according to UBS, creating a scenario with a balanced risk-reward ratio.
Additionally, Kroger’s margins will be carefully assessed with an emphasis on the company’s capacity to maintain the high gross margin momentum. Management has demonstrated high returns for shareholders through its aggressive share buyback program and steady dividend payments, which have been sustained for 20 years in a row. Furthermore, UBS expects investors to be interested in any new strategic developments, although major changes are not anticipated at this time.
The Kroger Co. (NYSE:KR) is an American retailer with over 2,700 supermarkets and multi-department stores in 35 states across the US.
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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
