Albertsons Companies' (ACI) "Outperform" Rating Reaffirmed at Telsey Advisory Group

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They currently have a $26.00 target price on the stock. Telsey Advisory Group's price objective would suggest a potential upside of 22.67% from the stock's previous close.

A number of other brokerages also recently issued reports on ACI. Citigroup began coverage on Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Albertsons Companies in a research note on Tuesday, January 7th. Morgan Stanley dropped their price target on shares of 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. UBS Group reduced their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, Evercore ISI increased their target price on shares of Albertsons Companies from $18.00 to $19.00 and gave the company an "in-line" rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Albertsons Companies currently has an average rating of "Moderate Buy" and a consensus price target of $23.21.

Albertsons Companies Stock Up 1.9 %

NYSE:ACI traded up $0.40 during midday trading on Tuesday, reaching $21.20. The company had a trading volume of 2,986,799 shares, compared to its average volume of 3,510,239. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $21.67. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.92 and a beta of 0.50. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock's fifty day simple moving average is $20.23 and its 200-day simple moving average is $19.46.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS 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 net margin of 1.30% and a return on equity of 44.70%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior 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 Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Albertsons Companies by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after purchasing an additional 2,347,875 shares during the period. FMR LLC lifted its position 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 purchasing an additional 9,308,940 shares during the period. Norges Bank acquired a new position in Albertsons Companies during the 4th quarter worth approximately $298,302,000. Parsifal Capital Management LP boosted its position in shares of Albertsons Companies by 19.4% during the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after purchasing an additional 1,657,981 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Albertsons Companies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after purchasing an additional 428,506 shares in the last quarter. 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.