UBS Group Lowers Albertsons Companies (NYSE:ACI) Price Target to $25.00

Key Points

• UBS Group has lowered its price target for Albertsons Companies (NYSE:ACI) from $27.00 to $25.00, while maintaining a "buy" rating, indicating a potential upside of 30.45% from its previous close.
• Other analysts have also revised their price targets, with JPMorgan Chase setting a target of $24.00 and Telsey Advisory Group issuing a target of $24.00, reflecting a cautious outlook on the stock.
• Shares of Albertsons Companies traded at $19.17, with the stock down 0.5%, and has seen a 12-month low of $16.70 and a high of $23.20 amidst significant institutional interest.

Albertsons Companies (NYSE:ACI - Get Free Report) had its price objective reduced by investment analysts at UBS Group from $27.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 30.45% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Albertsons Companies from $27.00 to $24.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Telsey Advisory Group restated an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday. Tigress Financial restated a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a report on Tuesday, July 8th. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada dropped their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Albertsons Companies has an average rating of "Moderate Buy" and an average target price of $23.50.

Albertsons Companies Stock Down 0.5%

Shares of ACI stock traded down $0.10 during trading hours on Wednesday, hitting $19.17. 2,175,031 shares of the company's stock traded hands, compared to its average volume of 6,210,170. The stock's fifty day simple moving average is $18.57 and its two-hundred day simple moving average is $20.47. Albertsons Companies has a 12-month low of $16.70 and a 12-month high of $23.20. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.73 and a beta of 0.49. 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 posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The firm had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Albertsons Companies will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after acquiring an additional 1,483 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Albertsons Companies during the 1st quarter valued at $206,000. Fifth Third Bancorp lifted its position in shares of Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after acquiring an additional 1,061 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Albertsons Companies by 93.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,245 shares of the company's stock worth $3,502,000 after buying an additional 76,859 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Albertsons Companies during the 1st quarter worth $1,044,000. Institutional investors and hedge funds 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.

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