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

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Telsey Advisory Group in a research note issued to investors on Monday,Benzinga reports. They presently have a $24.00 price objective on the stock. Telsey Advisory Group's price target would suggest a potential upside of 5.63% from the company's previous close.

A number of other brokerages have also commented on ACI. JPMorgan Chase & Co. increased their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Evercore ISI cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Royal Bank Of Canada restated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research report on Wednesday, April 16th. Tigress Financial upped their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $24.21.

Albertsons Companies Stock Performance

Shares of ACI stock traded up $0.79 during mid-day trading on Monday, reaching $22.72. The stock had a trading volume of 8,793,382 shares, compared to its average volume of 4,910,844. Albertsons Companies has a one year low of $17.00 and a one year high of $23.20. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.29. The firm's 50 day simple moving average is $21.76 and its 200 day simple moving average is $21.11. The firm has a market cap of $13.08 billion, a PE ratio of 13.85, a P/E/G ratio of 2.22 and a beta of 0.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same quarter in the prior year, the company posted $0.54 EPS. On average, analysts forecast that Albertsons Companies will post 2.14 EPS for the current year.

Insider Buying and Selling

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the sale, the executive vice president directly owned 162,569 shares in the company, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.35% of the company's stock.

Hedge Funds Weigh In On Albertsons Companies

Hedge funds have recently made changes to their positions in the business. Jump Financial LLC bought a new position in shares of Albertsons Companies during the 4th quarter worth approximately $11,800,000. Proficio Capital Partners LLC bought a new position in shares of Albertsons Companies during the 4th quarter worth approximately $243,000. Bessemer Group Inc. bought a new position in shares of Albertsons Companies in the first quarter valued at $40,000. III Capital Management bought a new position in shares of Albertsons Companies in the fourth quarter valued at $5,892,000. Finally, Bayesian Capital Management LP bought a new position in shares of Albertsons Companies in the fourth quarter valued at $232,000. 71.35% of the stock is owned by institutional investors.

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.