Telsey Advisory Group Reiterates “Market Perform” Rating for Albertsons Companies (NYSE:ACI)

Albertsons Companies (NYSE:ACI)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $27.25 price objective on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 34.63% from the company’s previous close.

A number of other equities research analysts have also issued reports on ACI. Tigress Financial restated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Evercore ISI cut their target price on shares of 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. Roth Mkm upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday. Finally, Royal Bank of Canada cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average price target of $24.45.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $20.24 on Tuesday. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. The firm has a market capitalization of $11.66 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.96 and a beta of 0.50. The company’s fifty day moving average price is $20.90 and its two-hundred day moving average price is $21.64.

Institutional Investors Weigh In On Albertsons Companies

Several institutional investors and hedge funds have recently bought and sold shares of ACI. NBC Securities Inc. acquired a new stake in Albertsons Companies during the third quarter worth about $28,000. Blue Trust Inc. raised its stake in 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 acquiring an additional 1,051 shares during the period. Van ECK Associates Corp acquired a new stake in Albertsons Companies during the third quarter worth about $52,000. Principal Securities Inc. acquired a new stake in Albertsons Companies during the fourth quarter worth about $62,000. Finally, CI Investments Inc. raised its stake in 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 acquiring an additional 783 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.