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

Albertsons Companies (NYSE:ACI)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $26.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 23.20% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. UBS Group reduced their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Citigroup initiated coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 price target for the company. Evercore ISI increased their price objective on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Finally, Bank of America initiated coverage on Albertsons Companies in a research note on Friday, December 13th. They issued a “neutral” rating and a $22.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus target price of $23.21.

Albertsons Companies Price Performance

Shares of Albertsons Companies stock opened at $21.10 on Tuesday. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 1.92 and a beta of 0.50. The firm’s 50-day moving average price is $20.31 and its two-hundred day moving average price is $19.47. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $21.67.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. On average, equities analysts predict that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its stake in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after buying an additional 959 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. WealthCollab LLC increased its position in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after buying an additional 1,454 shares in the last quarter. Finally, Ossiam acquired a new stake in Albertsons Companies during the 4th quarter worth $93,000. 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.