Roth Capital Reiterates Buy Rating for Albertsons Companies (NYSE:ACI)

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Roth Capital in a research note issued on Wednesday,Benzinga reports. They presently have a $24.00 price objective on the stock, up from their prior price objective of $23.00. Roth Capital's price target would suggest a potential upside of 17.24% from the stock's current price.

A number of other research analysts have also weighed in on ACI. UBS Group reduced their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday. JPMorgan Chase & Co. set a $31.00 target price on Albertsons Companies in a report on Tuesday, July 8th. Evercore ISI reduced their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.20.

Albertsons Companies Stock Performance

ACI traded up $0.23 during trading hours on Wednesday, hitting $20.47. The stock had a trading volume of 7,587,961 shares, compared to its average volume of 5,111,819. The company's fifty day simple moving average is $21.71 and its 200 day simple moving average is $21.21. 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 $11.79 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44. The company has a quick ratio of 0.22, 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 for the quarter, topping the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The company had revenue of $24.88 billion during the quarter, compared to analyst estimates of $24.68 billion. During the same quarter last year, the firm posted $0.66 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Albertsons Companies will post 2.14 earnings per share for the current year.

Insider Activity

In other news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the sale, the executive vice president owned 162,569 shares in the company, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.35% of the company's stock.

Institutional Trading of Albertsons Companies

Hedge funds have recently bought and sold shares of the company. West Oak Capital LLC bought a new stake in Albertsons Companies in the 2nd quarter worth approximately $30,000. SVB Wealth LLC bought a new stake in Albertsons Companies in the 1st quarter worth approximately $32,000. WealthCollab LLC lifted its position in Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after buying an additional 1,454 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after buying an additional 1,358 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in Albertsons Companies in the 1st quarter worth approximately $40,000. Institutional investors own 71.35% of the company's stock.

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.