Albertsons Companies (NYSE:ACI) Raised to “Buy” at Wall Street Zen

Albertsons Companies (NYSE:ACI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

ACI has been the topic of a number of other research reports. UBS Group raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, July 16th. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Tigress Financial reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.94.

Albertsons Companies Stock Up 0.9%

ACI stock opened at $19.24 on Friday. The firm’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $21.06. The company has a market capitalization of $10.77 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.94 and a beta of 0.51. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.20.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, equities research analysts forecast that Albertsons Companies will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors have recently added to or reduced their stakes in ACI. Stifel Financial Corp acquired a new stake in Albertsons Companies in the 4th quarter valued at $426,000. The Manufacturers Life Insurance Company lifted its holdings in Albertsons Companies by 186.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 30,984 shares of the company’s stock valued at $609,000 after purchasing an additional 20,161 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Albertsons Companies in the 4th quarter valued at $269,000. Ameriprise Financial Inc. lifted its holdings in Albertsons Companies by 136.2% in the 4th quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company’s stock valued at $3,552,000 after purchasing an additional 104,302 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Albertsons Companies in the 4th quarter valued at $6,348,000. 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.