Albertsons Companies (NYSE:ACI) Price Target Cut to $22.00 by Analysts at Evercore ISI

Albertsons Companies (NYSE:ACI - Get Free Report) had its price target lowered by Evercore ISI from $23.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's price target would indicate a potential downside of 2.48% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Citigroup started coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. UBS Group dropped their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $23.36.

Albertsons Companies Price Performance

Shares of ACI traded up $0.29 during mid-day trading on Thursday, hitting $22.56. 7,718,135 shares of the company were exchanged, compared to its average volume of 4,346,671. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.20. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company has a 50 day moving average of $21.20 and a 200-day moving average of $20.02.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the prior year, the company earned $0.54 EPS. Analysts expect that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Albertsons Companies

Large investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC boosted its stake in shares of Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after acquiring an additional 700 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock valued at $941,000 after purchasing an additional 891 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after purchasing an additional 959 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its stake in shares of Albertsons Companies by 2.9% during the 4th quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock valued at $795,000 after buying an additional 1,146 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

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.