Albertsons Companies (NYSE:ACI) Given New $22.00 Price Target at Evercore ISI

Albertsons Companies (NYSE:ACI) had its price target upped by equities researchers at Evercore ISI from $21.00 to $22.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 2.50% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Bank of America began coverage on shares of Albertsons Companies in a report on Friday, December 13th. They set a “neutral” rating and a $22.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday. Citigroup began coverage on Albertsons Companies in a report on Friday, January 24th. They set a “buy” rating and a $26.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of Albertsons Companies in a research note on Tuesday, January 7th. Finally, UBS Group lowered their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus target price of $23.43.

Albertsons Companies Trading Up 1.5 %

Shares of Albertsons Companies stock traded up $0.31 on Tuesday, reaching $21.46. 1,634,257 shares of the company’s stock were exchanged, compared to its average volume of 3,776,574. The company has a market capitalization of $12.44 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. Albertsons Companies has a 52 week low of $17.00 and a 52 week high of $21.67. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The firm’s 50-day moving average is $20.31 and its two-hundred day moving average is $19.47.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion during 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%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. Sell-side analysts predict that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Albertsons Companies

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Albertsons Companies during the fourth quarter worth about $298,302,000. FMR LLC boosted its holdings in Albertsons Companies by 55.3% in the 4th quarter. FMR LLC now owns 26,150,522 shares of the company’s stock worth $513,596,000 after buying an additional 9,308,940 shares during the period. Southeastern Asset Management Inc. TN boosted its holdings in Albertsons Companies by 108.0% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company’s stock worth $113,258,000 after buying an additional 2,993,988 shares during the period. Dendur Capital LP purchased a new position in Albertsons Companies in the 4th quarter valued at approximately $49,100,000. Finally, Vanguard Group Inc. raised its stake in shares of Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company’s stock valued at $713,131,000 after purchasing an additional 2,347,875 shares during the period. Hedge funds and other 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.