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

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $26.00 price objective on the stock. Telsey Advisory Group's price objective would suggest a potential upside of 30.25% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reiterated an "outperform" rating and set 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 note on Tuesday, March 11th. UBS Group lowered their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Bank of America assumed coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.50.

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Albertsons Companies Trading Down 7.5 %

NYSE:ACI traded down $1.61 during trading hours on Friday, reaching $19.96. 16,414,186 shares of the stock were exchanged, compared to its average volume of 4,219,829. Albertsons Companies has a twelve month low of $17.00 and a twelve month high of $23.20. The business has a 50-day moving average of $21.18 and a two-hundred day moving average of $19.92. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.92 and a beta of 0.47. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities analysts predict that Albertsons Companies will post 2.14 EPS for the current year.

Hedge Funds Weigh In On Albertsons Companies

Large investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC boosted its position in shares of Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Albertsons Companies by 225.1% in the fourth 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 during the period. WealthCollab LLC boosted its holdings in shares of Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after acquiring an additional 1,454 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after acquiring an additional 1,483 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.