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

Albertsons Companies (NYSE:ACI)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $26.00 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 23.09% from the company’s current price.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of Albertsons Companies in a report on Thursday, April 3rd. Citigroup initiated coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 target price for the company. Evercore ISI lifted their price target on Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 11th. The Goldman Sachs Group restated a “buy” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, Bank of America started coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They issued a “neutral” rating and a $22.00 target price for the company. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Albertsons Companies Stock Performance

NYSE:ACI opened at $21.12 on Friday. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.20. The firm has a market capitalization of $12.24 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The business’s fifty day moving average price is $21.16 and its 200 day moving average price is $19.89.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The firm 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 1.30% and a return on equity of 44.70%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. On average, sell-side analysts anticipate that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of Albertsons Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Eagle Bay Advisors LLC grew 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 buying an additional 700 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in shares of Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company’s stock valued at $941,000 after acquiring an additional 891 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after acquiring an additional 959 shares in the last quarter. Twin Capital Management Inc. boosted its position in Albertsons Companies by 2.9% during the 4th quarter. Twin Capital Management Inc. now owns 40,476 shares of the company’s stock worth $795,000 after purchasing an additional 1,146 shares during the period. Finally, Rehmann Capital Advisory Group increased its holdings in Albertsons Companies by 4.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company’s stock valued at $486,000 after purchasing an additional 1,153 shares in the last quarter. 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.