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

Albertsons Companies (NYSE:ACI)‘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 presently have a $26.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 31.31% from the stock’s current price.

A number of other analysts have also recently commented on ACI. Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of Albertsons Companies in a research note on Tuesday. Morgan Stanley cut their price target on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Evercore ISI upped their price objective on Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets decreased their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.75.

Albertsons Companies Stock Up 0.4 %

ACI stock opened at $19.80 on Thursday. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The business’s 50-day moving average is $19.29 and its two-hundred day moving average is $19.31. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.47.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, analysts forecast that Albertsons Companies will post 2.13 earnings per share for the current year.

Institutional Investors Weigh In On Albertsons Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Albertsons Companies during the second quarter worth approximately $150,000. Daiwa Securities Group Inc. lifted its holdings in shares of Albertsons Companies by 5.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,300 shares of the company’s stock worth $480,000 after buying an additional 1,200 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Albertsons Companies by 2,243.9% in the 2nd 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 period. Qsemble Capital Management LP grew its position in shares of Albertsons Companies by 36.9% during the 2nd 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. increased its stake in shares of Albertsons Companies by 5.7% during the second quarter. Achmea Investment Management B.V. now owns 438,908 shares of the company’s stock valued at $8,668,000 after buying an additional 23,716 shares during the period. Institutional investors own 71.35% of the company’s stock.

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.