Albertsons Companies (NYSE:ACI) Stock Rating Reaffirmed by Telsey Advisory Group

Albertsons Companies (NYSE:ACI)‘s stock had its “market perform” rating reiterated by stock analysts at Telsey Advisory Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $27.25 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 33.22% from the stock’s previous close.

Several other equities analysts have also recently commented on ACI. Tigress Financial restated a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Royal Bank of Canada restated an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 13th. 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 research report on Tuesday. Finally, Roth Mkm boosted their target price on Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.85.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $20.46 on Wednesday. The stock has a market cap of $11.78 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. Albertsons Companies has a fifty-two week low of $19.88 and a fifty-two week high of $23.88. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. The stock has a fifty day moving average of $20.93 and a 200-day moving average of $21.69.

Institutional Investors Weigh In On Albertsons Companies

Several hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Albertsons Companies by 5.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,304 shares of the company’s stock worth $928,000 after purchasing an additional 2,144 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of Albertsons Companies in the 1st quarter valued at about $1,147,000. Eagle Rock Investment Company LLC lifted its stake in shares of Albertsons Companies by 31.8% in the 1st quarter. Eagle Rock Investment Company LLC now owns 58,148 shares of the company’s stock valued at $1,247,000 after acquiring an additional 14,013 shares during the last quarter. Alaska Permanent Fund Corp lifted its stake in shares of Albertsons Companies by 4.6% in the 1st quarter. Alaska Permanent Fund Corp now owns 117,787 shares of the company’s stock valued at $2,525,000 after acquiring an additional 5,139 shares during the last quarter. Finally, Symmetry Partners LLC lifted its stake in shares of Albertsons Companies by 11.9% in the 1st quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock valued at $232,000 after acquiring an additional 1,149 shares during the last quarter. Institutional investors 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.