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

Albertsons Companies (NYSE:ACI)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $26.00 target price on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 21.64% from the stock’s previous close.

A number of other research firms have also commented on ACI. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a research note on Thursday, April 3rd. Citigroup started coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 target price for the company. UBS Group lowered their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Evercore ISI raised their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Tuesday, March 11th. 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 target price for the company. Six 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 has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $21.38 on Friday. The stock’s 50-day moving average is $21.14 and its two-hundred day moving average is $19.87. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.20. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping 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 firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. Analysts predict that Albertsons Companies will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds have recently bought and sold shares of the stock. Eagle Bay Advisors LLC boosted its stake in shares of Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after purchasing an additional 959 shares in the last quarter. WealthCollab LLC boosted its stake in shares of Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after purchasing an additional 1,454 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Ossiam purchased a new stake in shares of Albertsons Companies during the fourth quarter worth about $93,000. Hedge funds and other institutional investors 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.