Albertsons Companies (NYSE:ACI) Earns “Outperform” Rating from Telsey Advisory Group

Albertsons Companies (NYSE:ACIGet Free Report)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $26.00 target price on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 30.26% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. Bank of America began coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 target price for the company. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research report on Monday, October 21st. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of Albertsons Companies in a research report on Tuesday. Finally, Evercore ISI raised their target price on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Read Our Latest Report on ACI

Albertsons Companies Trading Up 0.4 %

Albertsons Companies stock opened at $19.96 on Thursday. Albertsons Companies has a one year low of $17.00 and a one year high of $23.08. The company’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $19.31. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACIGet Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts forecast that Albertsons Companies will post 2.13 earnings per share for the current fiscal year.

Institutional Trading of Albertsons Companies

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of Albertsons Companies during the second quarter valued at $150,000. Daiwa Securities Group Inc. boosted its position in Albertsons Companies by 5.2% in the second quarter. Daiwa Securities Group Inc. now owns 24,300 shares of the company’s stock valued at $480,000 after buying an additional 1,200 shares in the last quarter. Headlands Technologies LLC grew its stake in Albertsons Companies by 2,243.9% during the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock worth $177,000 after buying an additional 8,594 shares during the last quarter. Qsemble Capital Management LP increased its holdings in shares of Albertsons Companies by 36.9% during the second quarter. Qsemble Capital Management LP now owns 47,056 shares of the company’s stock worth $929,000 after buying an additional 12,694 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its stake in shares of Albertsons Companies by 5.7% in the second quarter. Achmea Investment Management B.V. now owns 438,908 shares of the company’s stock valued at $8,668,000 after acquiring an additional 23,716 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Company Profile

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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.

Further Reading

Analyst Recommendations for Albertsons Companies (NYSE:ACI)

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