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Flat TSX on Turkey DayTop 7 Canadian Grocery Stocks to Buy and ForgetTSX up, Wall Street mixedThis summary was created by AI, based on 2 opinions in the last 12 months.
The experts have differing opinions on Empire Company (A), with one expert highlighting the company's turnaround after the Safeway acquisition and the positive impact of inflation on food pricing, as well as the attractive valuation. However, another expert suggests that Loblaw may offer better value and efficiencies. Overall, there is uncertainty about the performance of Empire Company (A) in the near term.
Nice support level was momentarily cracked, which would have scared people like him if he were holding the stock. Recovered, fantastic news. Look at next levels of resistance, around $38. If that breaks, you'll get into old resistance levels of $41-42, and there's a decent chance of this. Looks OK, 7/10.
Good time in economic cycle for this business. Expecting a pop in this stock. Demand for consumer staples will be strong. Would a good company to own for the long term.
Turned around Safeway acquisition. Inflation has helped food pricing. Canadian population growth. All the grocery chains own the best locations. Underperformed this year. Valuation much more attractive. Has always logged Loblaw, perhaps because EMP.A has a more confusing structure.
Defensive. Owned it a while ago, but Loblaw offers better value, the Shoppers chain, exposure to cities, and better efficiencies. Neither pays a good dividend, but Empire's chart looks attractive now for the short term.
Very expensive, trading up near maximums. Be patient, let things fall to something that will give you a better rate of return.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has seen some target downgrades, although relatively small. The weakness comes after the company stated it expects sales growth to slow. The decline is an interesting buy opportunity as it remains cheap and safe in these market conditions. Unlock Premium - Try 5i Free
MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.
Billy Kawasaki’s Insights - Picks from 5i Research. The recent results were overall very solid. Revenue, as well as Earnings per Share both beat expectations. Same store sales were up 11% and continues to have good momentum. They are transitioning their brand right now and it is going as expected. Unlock Premium - Try 5i Free
Empire Company (A) is a Canadian stock, trading under the symbol EMP.A-T on the Toronto Stock Exchange (EMP.A-CT). It is usually referred to as TSX:EMP.A or EMP.A-T
In the last year, 3 stock analysts published opinions about EMP.A-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Empire Company (A).
Empire Company (A) was recommended as a Top Pick by on . Read the latest stock experts ratings for Empire Company (A).
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Empire Company (A) In the last year. It is a trending stock that is worth watching.
On 2024-10-29, Empire Company (A) (EMP.A-T) stock closed at a price of $40.19.
The black sheep of Canada's big three grocers, but recent results were pretty good and that's raised the stock. Are improving costs and being more efficient. Same-store sales growth is flat, though. They lack a discount brand like Metro and Loblaw, and lack presence in pharmacies. That's why their PE is lower than their peers. Buy at $30-35, though. Well-managed, using technology well for deliveries.