Albertsons Companies (NYSE:ACI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Albertsons Companies from a "hold" rating to a "buy" rating, indicating a positive outlook from analysts.
• Albertsons reported $24.88 billion in revenue for the latest quarter, exceeding expectations, and had earnings per share (EPS) of $0.55, slightly topping the consensus estimate.
• According to MarketBeat, the stock has an average rating of "Moderate Buy" with a consensus target price of $23.94.

Albertsons Companies (NYSE:ACI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday.

A number of other analysts have also commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, July 16th. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Tigress Financial reiterated a "buy" rating and issued a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Finally, Roth Capital restated a "buy" rating and set a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Trading Up 0.9%

ACI traded up $0.16 during midday trading on Friday, hitting $18.71. 7,479,625 shares of the company were exchanged, compared to its average volume of 4,888,663. The firm has a market capitalization of $10.47 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.89 and a beta of 0.51. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.20. The firm's 50 day moving average price is $19.95 and its 200-day moving average price is $21.02. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17.

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

Institutional Trading of Albertsons Companies

Several institutional investors and hedge funds have recently bought and sold shares of ACI. West Oak Capital LLC purchased a new position in shares of Albertsons Companies during the second quarter valued at approximately $30,000. SVB Wealth LLC purchased a new position in shares of Albertsons Companies during the first quarter valued at approximately $32,000. Allworth Financial LP lifted its holdings in shares of Albertsons Companies by 98.4% during the second quarter. Allworth Financial LP now owns 1,702 shares of the company's stock valued at $37,000 after purchasing an additional 844 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Albertsons Companies during the first quarter valued at approximately $40,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after purchasing an additional 1,483 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other 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.