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

Key Points

• Telsey Advisory Group has reiterated its "outperform" rating for Albertsons Companies (ACI) with a price target of $24.00, suggesting a potential upside of 38.32% from the current stock price.
• Albertsons reported a $0.55 earnings per share (EPS) for the last quarter, slightly above the consensus estimate of $0.54, while its revenue of $24.88 billion exceeded analyst expectations.
• Currently, Albertsons has a consensus rating of "Moderate Buy" from analysts, with eleven ratings for Buy, five for Hold, and one for Sell.

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 Thursday,Benzinga reports. They currently have a $24.00 price objective on the stock. Telsey Advisory Group's target price indicates a potential upside of 38.32% from the stock's current price.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Barclays assumed coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 price target on the stock. Roth Capital reaffirmed a "buy" rating and set a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Tigress Financial reaffirmed a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Performance

Shares of ACI opened at $17.35 on Thursday. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.20. The firm has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $20.72. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.79 and a beta of 0.50. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The firm had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. During the same period in the previous year, the business earned $0.66 EPS. The company's revenue was up 2.5% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Research analysts forecast that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Albertsons Companies

Hedge funds have recently bought and sold shares of the business. Peddock Capital Advisors LLC boosted its holdings in Albertsons Companies by 1.9% during the 2nd quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company's stock worth $571,000 after acquiring an additional 504 shares during the last quarter. Mason Investment Advisory Services Inc. boosted its holdings in shares of Albertsons Companies by 0.7% in the 2nd quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company's stock worth $1,690,000 after buying an additional 524 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Albertsons Companies by 3.4% in the 2nd quarter. ProShare Advisors LLC now owns 17,870 shares of the company's stock worth $384,000 after buying an additional 592 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Albertsons Companies by 0.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company's stock worth $1,791,000 after buying an additional 623 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Albertsons Companies by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,624 shares of the company's stock worth $78,000 after buying an additional 627 shares during the last quarter. 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.

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