Evercore ISI Lowers Albertsons Companies (NYSE:ACI) Price Target to $22.00

Albertsons Companies (NYSE:ACI) had its target price dropped by equities research analysts at Evercore ISI from $23.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price points to a potential upside of 2.64% from the stock’s current price.

Several other equities analysts also recently issued reports on ACI. Citigroup began coverage on Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. Finally, UBS Group dropped their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.36.

Albertsons Companies Stock Up 1.3 %

ACI traded up $0.29 during trading hours on Thursday, reaching $21.44. 1,447,313 shares of the stock traded hands, compared to its average volume of 4,254,779. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The firm’s fifty day simple moving average is $21.17 and its two-hundred day simple moving average is $19.93.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the prior year, the business posted $0.54 EPS. As a group, analysts forecast that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of Albertsons Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC grew its holdings in shares of Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after buying an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after acquiring an additional 1,358 shares in the last quarter. WealthCollab LLC increased its holdings in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after buying an additional 1,454 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after buying an additional 1,483 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

About Albertsons Companies

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.