Albertsons Companies (NYSE:ACI) Price Target Lowered to $24.00 at UBS Group

Albertsons Companies (NYSE:ACI) had its price target cut by investment analysts at UBS Group from $27.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 24.42% from the stock’s current price.

Several other research analysts also recently commented on ACI. Tigress Financial restated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Bank of America began coverage on Albertsons Companies in a research report on Friday. They issued a “neutral” rating and a $22.00 target price for the company. Melius upgraded 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. Finally, Telsey Advisory Group raised Albertsons Companies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $21.00 to $26.00 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Albertsons Companies Stock Down 2.8 %

Shares of NYSE ACI traded down $0.56 during trading on Tuesday, hitting $19.29. The stock had a trading volume of 4,571,920 shares, compared to its average volume of 3,270,220. The company has a market capitalization of $11.18 billion, a PE ratio of 11.29, a PEG ratio of 1.07 and a beta of 0.51. The firm has a fifty day moving average of $18.90 and a two-hundred day moving average of $19.37. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.47.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Swiss National Bank grew its stake in Albertsons Companies by 9.2% during the third quarter. Swiss National Bank now owns 1,117,200 shares of the company’s stock worth $20,646,000 after purchasing an additional 94,300 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Albertsons Companies by 5.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company’s stock valued at $12,395,000 after acquiring an additional 36,154 shares during the last quarter. K2 Principal Fund L.P. raised its position in shares of Albertsons Companies by 68.4% in the 3rd quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company’s stock worth $4,999,000 after acquiring an additional 109,901 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Albertsons Companies in the 3rd quarter worth approximately $1,906,000. Finally, Lubert Adler Management Company LP boosted its stake in Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after purchasing an additional 852,857 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

About Albertsons Companies

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.