Telsey Advisory Group Reaffirms Outperform Rating for Albertsons Companies (NYSE:ACI)

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They presently have a $24.00 price target on the stock. Telsey Advisory Group's price target would indicate a potential upside of 16.82% from the stock's current price.

Other equities analysts have also issued research reports about the company. UBS Group cut their price target 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. Royal Bank Of Canada reissued an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and raised their target price for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Evercore ISI lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Finally, Tigress Financial reissued a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research note on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.20.

Albertsons Companies Price Performance

Shares of NYSE ACI traded down $0.47 during trading on Wednesday, reaching $20.54. The company had a trading volume of 10,889,762 shares, compared to its average volume of 5,070,807. Albertsons Companies has a 52 week low of $17.00 and a 52 week high of $23.20. The business's 50 day moving average price is $21.79 and its 200-day moving average price is $21.22. The stock has a market cap of $11.83 billion, a PE ratio of 10.05, a PEG ratio of 2.13 and a beta of 0.44. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.22 and a current ratio of 0.90.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted 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 net margin of 1.18% and a return on equity of 37.83%. The firm had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Albertsons Companies's revenue was up 2.5% on a year-over-year basis. Analysts expect that Albertsons Companies will post 2.14 earnings per share for the current year.

Insider Activity at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the firm's 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 sale, the executive vice president owned 162,569 shares of the company's stock, valued at $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Albertsons Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Albertsons Companies in the fourth quarter valued at approximately $298,302,000. FMR LLC raised its holdings in shares of Albertsons Companies by 55.3% during the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock worth $513,596,000 after acquiring an additional 9,308,940 shares during the period. AQR Capital Management LLC raised its holdings in shares of Albertsons Companies by 1,601.1% during the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company's stock worth $103,807,000 after acquiring an additional 4,451,250 shares during the period. Voya Investment Management LLC lifted its position in Albertsons Companies by 6,541.5% in the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company's stock valued at $81,882,000 after acquiring an additional 3,667,550 shares in the last quarter. Finally, Southeastern Asset Management Inc. TN boosted its stake in Albertsons Companies by 108.0% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock worth $113,258,000 after purchasing an additional 2,993,988 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.