JPMorgan Chase & Co. Begins Coverage on Albertsons Companies (NYSE:ACI)

Key Points

• JPMorgan Chase & Co. has reaffirmed its "overweight" rating for Albertsons Companies (ACI) while lowering the target price from $29.00 to $27.00, indicating a potential upside of 38.87% from previous close.
• Multiple research firms have upgraded their ratings on Albertsons, with the consensus target price now at $23.94, reflecting strong confidence from analysts.
• In its most recent earnings report, Albertsons exceeded expectations with an EPS of $0.55 and revenue of $24.88 billion, marking a year-over-year revenue increase of 2.5%.

Stock analysts at JPMorgan Chase & Co. began coverage on shares of Albertsons Companies (NYSE:ACI - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage set an "overweight" rating and a $27.00 price target on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 38.87% from the stock's previous close.

Several other research firms have also commented on ACI. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Telsey Advisory Group restated an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, July 16th. Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th. Finally, Tigress Financial reaffirmed a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $19.4420 on Wednesday. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.97 and a beta of 0.46. The company has a 50 day moving average price of $20.70 and a 200 day moving average price of $21.19. Albertsons Companies has a one year low of $17.00 and a one year high of $23.20. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82.

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

Institutional Trading of Albertsons Companies

Several hedge funds and other institutional investors have recently bought and sold shares of ACI. Allspring Global Investments Holdings LLC bought a new stake in shares of Albertsons Companies in the 1st quarter valued at approximately $1,420,000. Bessemer Group Inc. acquired a new stake in shares of Albertsons Companies in the 1st quarter worth about $40,000. III Capital Management bought a new stake in Albertsons Companies in the 4th quarter valued at about $5,892,000. Bayesian Capital Management LP bought a new position in Albertsons Companies in the 4th quarter worth about $232,000. Finally, Atlas Capital Advisors Inc. increased its stake in shares of Albertsons Companies by 241.6% in the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock valued at $509,000 after purchasing an additional 16,375 shares during the period. 71.35% of the stock is owned by institutional investors.

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.