Albertsons Companies (NYSE:ACI) Price Target Raised to $22.00

Albertsons Companies (NYSE:ACI) had its target price upped by stock analysts at Evercore ISI from $21.00 to $22.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 5.34% from the company’s previous close.

ACI has been the topic of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Bank of America began coverage on Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 price target on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday. Morgan Stanley decreased their target price on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Albertsons Companies in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus target price of $23.43.

Albertsons Companies Stock Down 2.7 %

Albertsons Companies stock opened at $20.89 on Tuesday. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. Albertsons Companies has a 52 week low of $17.00 and a 52 week high of $21.67. The business’s 50-day moving average price is $20.40 and its 200 day moving average price is $19.49. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results 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 return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 earnings per share. As a group, sell-side analysts anticipate that Albertsons Companies will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Albertsons Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC increased its stake in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after acquiring an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after acquiring an additional 1,358 shares during the last quarter. WealthCollab LLC increased its stake in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after acquiring an additional 1,454 shares during the last quarter. Finally, Ossiam acquired a new stake in Albertsons Companies during the fourth quarter worth $93,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

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.