Albertsons Companies (NYSE:ACI) Rating Increased to Buy at Roth Mkm

Albertsons Companies (NYSE:ACI) was upgraded by research analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $24.00 target price on the stock. Roth Mkm’s price target would indicate a potential upside of 19.67% from the company’s current price.

A number of other research analysts have also recently commented on the company. Evercore ISI reduced their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Tigress Financial reissued a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada reduced their target price on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.45.

Albertsons Companies Trading Down 1.3 %

Albertsons Companies stock opened at $20.06 on Tuesday. The stock has a market cap of $11.55 billion, a P/E ratio of 8.99, a PEG ratio of 0.95 and a beta of 0.50. Albertsons Companies has a fifty-two week low of $19.84 and a fifty-two week high of $23.88. The firm’s fifty day moving average price is $20.88 and its 200-day moving average price is $21.62. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.19 and a current ratio of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in shares of Albertsons Companies during the third quarter worth about $28,000. Blue Trust Inc. boosted its holdings in shares of Albertsons Companies by 255.1% during the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,051 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Albertsons Companies during the third quarter worth about $52,000. Principal Securities Inc. purchased a new stake in shares of Albertsons Companies during the fourth quarter worth about $62,000. Finally, CI Investments Inc. boosted its holdings in shares of Albertsons Companies by 21.8% during the third quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock worth $99,000 after purchasing an additional 783 shares during the period. 71.35% of the stock is owned by institutional investors.

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.