Albertsons Companies (NYSE:ACI) Upgraded at Roth Capital

Albertsons Companies (NYSE:ACI) was upgraded by equities research analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

A number of other research firms have also recently issued reports on ACI. Evercore ISI decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research report on Tuesday. Roth Mkm upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday. Tigress Financial reiterated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Finally, Royal Bank of Canada decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.45.

Albertsons Companies Stock Up 0.4 %

Shares of NYSE ACI opened at $20.32 on Tuesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. Albertsons Companies has a 52 week low of $19.88 and a 52 week high of $23.88. The stock has a market capitalization of $11.71 billion, a P/E ratio of 8.68, a PEG ratio of 0.96 and a beta of 0.50. The stock’s fifty day moving average is $20.88 and its 200 day moving average is $21.62.

Institutional Trading of Albertsons Companies

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Albertsons Companies by 9.8% during the third quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company’s stock valued at $754,026,000 after purchasing an additional 2,950,786 shares in the last quarter. Norges Bank acquired a new stake in shares of Albertsons Companies during the fourth quarter valued at about $312,510,000. LSV Asset Management boosted its stake in shares of Albertsons Companies by 6.0% during the fourth quarter. LSV Asset Management now owns 4,992,700 shares of the company’s stock valued at $114,832,000 after purchasing an additional 283,100 shares in the last quarter. Alpine Associates Management Inc. boosted its stake in shares of Albertsons Companies by 3.1% during the fourth quarter. Alpine Associates Management Inc. now owns 4,401,418 shares of the company’s stock valued at $101,233,000 after purchasing an additional 133,900 shares in the last quarter. Finally, Segantii Capital Management Ltd boosted its stake in shares of Albertsons Companies by 23.7% during the fourth quarter. Segantii Capital Management Ltd now owns 4,125,207 shares of the company’s stock valued at $94,880,000 after purchasing an additional 790,207 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

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.