Albertsons Companies (NYSE:ACI) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Albertsons Companies (NYSE:ACI) in a research note released on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $26.00 price target on the stock.

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

Albertsons Companies Price Performance

NYSE ACI opened at $21.12 on Friday. 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 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. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $19.89.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. As a group, equities analysts predict that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of Albertsons Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Albertsons Companies during the 4th quarter worth about $298,302,000. FMR LLC lifted its holdings in Albertsons Companies by 55.3% in the fourth quarter. FMR LLC now owns 26,150,522 shares of the company’s stock valued at $513,596,000 after buying an additional 9,308,940 shares during the period. Southeastern Asset Management Inc. TN grew its holdings in Albertsons Companies by 108.0% during the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company’s stock worth $113,258,000 after acquiring an additional 2,993,988 shares during the period. Dendur Capital LP bought a new stake in shares of Albertsons Companies during the 4th quarter valued at $49,100,000. Finally, Vanguard Group Inc. lifted its stake in shares of Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company’s stock valued at $713,131,000 after purchasing an additional 2,347,875 shares during the period. Institutional investors and hedge funds 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.