Albertsons Companies’ (ACI) Market Perform Rating Reaffirmed at Telsey Advisory Group

Albertsons Companies (NYSE:ACI)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a report issued on Tuesday, Benzinga reports. They currently have a $27.25 price objective on the stock. Telsey Advisory Group’s price target points to a potential upside of 35.88% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Evercore ISI lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Roth Mkm raised Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday. Finally, Tigress Financial reissued a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

Albertsons Companies Price Performance

ACI opened at $20.06 on Tuesday. The stock has a 50-day moving average price of $20.88 and a 200-day moving average price of $21.62. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.19. The firm has a market cap of $11.55 billion, a PE ratio of 8.99, a P/E/G ratio of 0.95 and a beta of 0.50. Albertsons Companies has a 1 year low of $19.84 and a 1 year high of $23.88.

Institutional Investors Weigh In On Albertsons Companies

A number of large investors have recently made changes to their positions in the company. Peddock Capital Advisors LLC grew its stake in shares of Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock valued at $538,000 after acquiring an additional 500 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Albertsons Companies by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after purchasing an additional 519 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in Albertsons Companies by 3.7% in the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock worth $341,000 after purchasing an additional 540 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Albertsons Companies by 3.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock worth $379,000 after acquiring an additional 600 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Albertsons Companies by 0.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company’s stock worth $3,865,000 after acquiring an additional 620 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

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.