TSE:EMP.A

Empire (EMP.A) Stock Forecast, Price & News

C$37.08

+0.42 (+1.15%)

(As of 09/22/2023 ET)

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Today's Range: C$36.62
▼
C$37.18
50-Day Range: C$34.44
▼
C$37.23
52-Week Range: C$33.09
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C$38.36

Volume: 374,173 shs
Average Volume: 382,578 shs
Market Capitalization: C$5.63 billion

P/E Ratio: 12.53
Dividend Yield: 1.97%
Price Target: C$42.43

Profile Analyst Ratings Chart Competitors Dividend Insider Trades Headlines Social Media

Empire MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 14.4% Upside
C$42.43 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.33
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Empire has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$42.43, Empire has a forecasted upside of 14.4% from its current price of C$37.08.
Amount of Analyst Coverage
Empire has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for EMP.A.

1.7

Dividend Strength

Dividend Yield
Empire pays a meaningful dividend of 1.99%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Empire does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Empire is 24.66%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EMP.A.

3.0

News and Social Media Coverage

News Sentiment
Empire has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Consumer Defensive companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Empire this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for EMP.A on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Empire to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Empire insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.88% of the stock of Empire is held by insiders.
Percentage Held by Institutions
42.82% of the stock of Empire is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Empire is 12.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Empire is 12.53, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 308.78.
Price to Earnings Growth Ratio
Empire has a PEG Ratio of 16.20. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Empire has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Empire (TSE:EMP.A) Stock

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations. It also owns interest in Crombie Real Estate Investment Trust, an open-ended Canadian real estate investment trust to sell and leaseback a portfolio of 19 retail properties; and various equity accounted interests in Genstar real estate partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. The company was founded in 1907 and is headquartered in Stellarton, Canada.

EMP.A Price History

30 days | 90 days | 365 days | Advanced Chart

EMP.A Stock News Headlines

September 19, 2023 | msn.com

Former Sobeys chief executive and chair David Sobey dies at 92

September 19, 2023 | americanbankingnews.com

Empire (TSE:EMP.A) Price Target Raised to C$42.00 at Desjardins

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September 18, 2023 | americanbankingnews.com

Brokerages Set Empire Company Limited (TSE:EMP.A) Price Target at C$41.21