Albertsons Companies (NYSE:ACI) Price Target Raised to $28.00

Albertsons Companies (NYSE:ACI) had its price objective raised by Tigress Financial from $27.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Tigress Financial’s price objective suggests a potential upside of 27.85% from the stock’s previous close.

A number of other equities analysts have also commented on ACI. UBS Group dropped their price objective on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Evercore ISI dropped their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a research report on Wednesday, April 16th. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.38.

Albertsons Companies Stock Down 2.1 %

Shares of Albertsons Companies stock opened at $21.90 on Thursday. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The stock has a 50 day moving average price of $21.32 and a two-hundred day moving average price of $20.10. The stock has a market capitalization of $12.61 billion, a P/E ratio of 12.30, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the prior year, the firm earned $0.54 EPS. Equities analysts expect that Albertsons Companies will post 2.14 earnings per share for the current year.

Institutional Trading of Albertsons Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC lifted 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 purchasing an additional 700 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after buying an additional 959 shares in the last quarter. WealthCollab LLC lifted its position in shares of Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after buying an additional 1,454 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Albertsons Companies in the 1st quarter valued at $40,000. 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.