Telsey Advisory Group Issues Pessimistic Forecast for Albertsons Companies (NYSE:ACI) Stock Price

Albertsons Companies (NYSE:ACI) had its target price reduced by research analysts at Telsey Advisory Group from $27.25 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 7.75% from the company’s current price.

Several other research analysts have also recently commented on ACI. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, October 21st. Royal Bank of Canada decreased their price target on shares of Albertsons Companies from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday. Melius Research upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Monday, October 21st. BMO Capital Markets lowered their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

Albertsons Companies Trading Up 1.9 %

Shares of ACI stock opened at $19.49 on Thursday. Albertsons Companies has a twelve month low of $17.00 and a twelve month high of $23.47. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.07 and a beta of 0.51. The company’s 50-day moving average price is $18.87 and its 200-day moving average price is $19.39. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts predict that Albertsons Companies will post 2.13 earnings per share for the current year.

Institutional Trading of Albertsons Companies

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in Albertsons Companies by 7.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,670 shares of the company’s stock worth $922,000 after purchasing an additional 3,366 shares in the last quarter. Swedbank AB increased its holdings in Albertsons Companies by 166.2% in the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock valued at $4,230,000 after purchasing an additional 133,715 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after purchasing an additional 2,801 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Albertsons Companies by 76.4% during the 2nd quarter. Continuum Advisory LLC now owns 20,261 shares of the company’s stock valued at $400,000 after buying an additional 8,775 shares during the period. Finally, &PARTNERS purchased a new stake in shares of Albertsons Companies during the 2nd quarter valued at about $360,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.