Albertsons Companies (NYSE:ACI) Earns Outperform Rating from Telsey Advisory Group

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $24.00 price target on the stock. Telsey Advisory Group's target price indicates a potential upside of 17.24% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Evercore ISI decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $19.00 to $25.00 in a research note on Wednesday, May 7th. Tigress Financial reissued a "buy" rating and set a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. Finally, UBS Group reduced their price objective on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.20.

Albertsons Companies Price Performance

Shares of NYSE:ACI traded up $0.23 during mid-day trading on Wednesday, reaching $20.47. The stock had a trading volume of 7,587,961 shares, compared to its average volume of 5,126,438. The company has a current ratio of 0.82, a quick ratio of 0.22 and a debt-to-equity ratio of 2.17. The company has a market cap of $11.79 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.20. The business's 50 day moving average price is $21.67 and its 200 day moving average price is $21.22.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping 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 for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Research analysts expect that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 162,569 shares in the company, valued at $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by company insiders.

Institutional Trading of Albertsons Companies

A number of large investors have recently modified their holdings of ACI. Proficio Capital Partners LLC purchased a new stake in shares of Albertsons Companies in the fourth quarter valued at approximately $243,000. Raymond James Financial Inc. purchased a new stake in shares of Albertsons Companies in the fourth quarter valued at approximately $15,544,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after purchasing an additional 1,358 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Albertsons Companies by 13,314.5% in the fourth quarter. Farther Finance Advisors LLC now owns 9,256 shares of the company's stock valued at $182,000 after purchasing an additional 9,187 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Albertsons Companies by 913.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 340,710 shares of the company's stock valued at $6,692,000 after purchasing an additional 307,102 shares during the period. Hedge funds and other 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.