Albertsons Companies (NYSE:ACI – Get Free Report)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $27.25 price objective on the stock. Telsey Advisory Group’s target price suggests a potential upside of 33.06% from the company’s previous close.
ACI has been the subject of several other research reports. Evercore ISI cut their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday. Roth Mkm upped their price objective on Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 13th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies currently has an average rating of “Hold” and a consensus price target of $24.85.
View Our Latest Stock Analysis on ACI
Albertsons Companies Stock Performance
Institutional Investors Weigh In On Albertsons Companies
A number of hedge funds have recently made changes to their positions in ACI. NBC Securities Inc. purchased a new stake in shares of Albertsons Companies in the third quarter worth about $28,000. Blue Trust Inc. raised its position in Albertsons Companies by 255.1% during the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,051 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in Albertsons Companies during the fourth quarter valued at approximately $45,000. UniSuper Management Pty Ltd purchased a new stake in Albertsons Companies during the second quarter valued at approximately $46,000. Finally, Fortis Capital Advisors LLC purchased a new stake in Albertsons Companies during the fourth quarter valued at approximately $51,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
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.
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