Albertsons Companies (NYSE:ACI) Stock Price Expected to Rise, Tigress Financial Analyst Says

Key Points

• Tigress Financial has raised the target price for Albertsons Companies stock from $28.00 to $29.00, suggesting a potential upside of 46.58% from its current price.
• Overall, the stock has a consensus rating of "Moderate Buy" from analysts, with 12 analysts recommending a buy, five a hold, and one a sell.
• Recent insider trading includes significant sales by executives, with Michael T. Theilmann and Anuj Dhanda selling a combined total of 330,000 shares, indicating a decline in their ownership stakes.

Albertsons Companies (NYSE:ACI - Get Free Report) had its target price raised by equities researchers at Tigress Financial from $28.00 to $29.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Tigress Financial's price objective would suggest a potential upside of 46.58% from the company's current price.

Several other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Albertsons Companies in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on shares of Albertsons Companies from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Wall Street Zen downgraded shares of Albertsons Companies from a "buy" rating to a "hold" rating in a report on Monday, September 15th. Wells Fargo & Company reduced their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 7th. Finally, UBS Group reduced their price objective on shares of Albertsons Companies from $27.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, October 15th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.56.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.05 during midday trading on Monday, hitting $19.79. The stock had a trading volume of 1,581,193 shares, compared to its average volume of 6,260,346. The company has a market capitalization of $10.87 billion, a PE ratio of 11.70, a P/E/G ratio of 3.23 and a beta of 0.49. The stock has a 50 day moving average price of $18.55 and a two-hundred day moving average price of $20.40. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. Albertsons Companies has a 1 year low of $16.70 and a 1 year high of $23.20.

Insider Activity at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total value of $1,935,000.00. Following the completion of the sale, the executive vice president owned 338,429 shares of the company's stock, valued at $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the completion of the sale, the insider directly owned 300,577 shares of the company's stock, valued at $5,786,107.25. The trade was a 43.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Peddock Capital Advisors LLC raised its holdings in shares of Albertsons Companies by 1.9% in the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company's stock valued at $571,000 after purchasing an additional 504 shares during the last quarter. Mason Investment Advisory Services Inc. increased its holdings in shares of Albertsons Companies by 0.7% in the second quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company's stock valued at $1,690,000 after purchasing an additional 524 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Albertsons Companies by 3.4% in the second quarter. ProShare Advisors LLC now owns 17,870 shares of the company's stock valued at $384,000 after acquiring an additional 592 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Albertsons Companies by 0.8% in the second quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company's stock valued at $1,791,000 after acquiring an additional 623 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 20.9% in the second quarter. Fifth Third Bancorp now owns 3,624 shares of the company's stock valued at $78,000 after acquiring an additional 627 shares during the period. 71.35% of the stock is currently owned by hedge funds and other 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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