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

Albertsons Companies (NYSE:ACI)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They currently have a $26.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential upside of 24.49% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group reissued a “buy” rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of Albertsons Companies in a research report on Tuesday, January 7th. Morgan Stanley dropped their price target on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. UBS Group dropped their price target on 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, Bank of America began coverage on Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies has an average rating of “Moderate Buy” and a consensus price target of $23.43.

Albertsons Companies Stock Performance

NYSE ACI opened at $20.89 on Tuesday. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $21.67. The company has a market capitalization of $12.10 billion, a P/E ratio of 11.73, a PEG ratio of 1.92 and a beta of 0.50. The business has a 50 day moving average price of $20.40 and a 200 day moving average price of $19.49. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. The firm had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. Sell-side analysts expect that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its holdings in Albertsons Companies by 108.4% in 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 stake in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after purchasing an additional 959 shares in the last quarter. WealthCollab LLC lifted its stake in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after purchasing an additional 1,454 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 1,358 shares in the last quarter. Finally, Ossiam acquired a new position in shares of Albertsons Companies during the fourth quarter worth about $93,000. 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.