Albertsons Companies’ (ACI) “Outperform” Rating Reiterated at Telsey Advisory Group

Albertsons Companies (NYSE:ACI)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $26.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 31.31% from the stock’s previous close.

Several other research analysts have also commented on the stock. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Albertsons Companies in a research report on Tuesday. Evercore ISI increased their price objective on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Morgan Stanley dropped their target price on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Finally, BMO Capital Markets decreased their price target on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Albertsons Companies Stock Up 0.4 %

Shares of NYSE ACI opened at $19.80 on Thursday. The stock has a market capitalization of $11.47 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $23.47. The stock’s fifty day simple moving average is $19.29 and its two-hundred day simple moving average is $19.31.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. As a group, analysts expect that Albertsons Companies will post 2.13 EPS for the current fiscal year.

Institutional Trading of Albertsons Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in ACI. FMR LLC raised its position in Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after acquiring an additional 7,887,688 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Albertsons Companies by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock worth $167,229,000 after purchasing an additional 592,711 shares during the period. State Street Corp increased its holdings in shares of Albertsons Companies by 1.7% during the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company’s stock valued at $159,213,000 after purchasing an additional 141,933 shares in the last quarter. Parsifal Capital Management LP increased its holdings in shares of Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after purchasing an additional 1,585,899 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after purchasing an additional 1,239,978 shares during the period. 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.