Brokerages Set Albertsons Companies, Inc. (NYSE:ACI) Price Target at $23.54

Shares of Albertsons Companies, Inc. (NYSE:ACIGet Free Report) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.54.

Several equities research analysts have recently commented on the stock. Melius Research assumed coverage on shares of Albertsons Companies in a research report on Monday, September 23rd. They set a “hold” rating and a $19.00 price target for the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Friday.

Check Out Our Latest Report on ACI

Institutional Trading of Albertsons Companies

Several hedge funds have recently added to or reduced their stakes in ACI. Verus Capital Partners LLC raised its holdings in shares of Albertsons Companies by 3.6% during the second quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after acquiring an additional 565 shares during the period. Oppenheimer & Co. Inc. grew its stake in Albertsons Companies by 1.7% in the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after purchasing an additional 864 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Albertsons Companies by 1.6% during the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock worth $1,198,000 after purchasing an additional 933 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock worth $1,093,000 after purchasing an additional 1,121 shares in the last quarter. Finally, Symmetry Partners LLC boosted its holdings in shares of Albertsons Companies by 11.9% in the 1st quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock valued at $232,000 after buying an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

ACI stock opened at $18.27 on Tuesday. The company has a 50 day moving average price of $19.20 and a 200 day moving average price of $19.89. Albertsons Companies has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21. The stock has a market capitalization of $10.58 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48.

Albertsons Companies (NYSE:ACIGet Free Report) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $24.27 billion for the quarter, compared to the consensus estimate of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Analysts forecast that Albertsons Companies will post 2.25 EPS for the current year.

Albertsons Companies Company Profile

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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.

Further Reading

Analyst Recommendations for Albertsons Companies (NYSE:ACI)

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