Albertsons Companies (NYSE:ACI) Earns Market Perform Rating from Telsey Advisory Group

Albertsons Companies (NYSE:ACIGet Free Report)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a report issued on Tuesday, Benzinga reports. They currently have a $27.25 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 34.63% from the company’s current price.

ACI has been the subject of several other reports. Tigress Financial reissued a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Royal Bank of Canada cut their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday. Evercore ISI dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Finally, Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

View Our Latest Stock Report on ACI

Albertsons Companies Trading Down 0.5 %

Shares of ACI stock opened at $20.24 on Tuesday. Albertsons Companies has a 12-month low of $19.88 and a 12-month high of $23.88. The company has a market capitalization of $11.66 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.96 and a beta of 0.50. The firm has a 50-day moving average price of $20.90 and a 200 day moving average price of $21.64. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cornerstone Investment Partners LLC bought a new stake in Albertsons Companies during the fourth quarter worth $1,023,000. SG Americas Securities LLC raised its position in Albertsons Companies by 1,569.5% during the fourth quarter. SG Americas Securities LLC now owns 267,443 shares of the company’s stock worth $6,151,000 after acquiring an additional 251,424 shares in the last quarter. Schechter Investment Advisors LLC raised its position in Albertsons Companies by 7.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 776,966 shares of the company’s stock worth $17,870,000 after acquiring an additional 51,590 shares in the last quarter. Alpine Associates Management Inc. raised its position in Albertsons Companies by 11.9% during the third quarter. Alpine Associates Management Inc. now owns 4,267,518 shares of the company’s stock worth $97,086,000 after acquiring an additional 454,400 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its holdings in shares of Albertsons Companies by 466.2% in the third quarter. Dark Forest Capital Management LP now owns 96,926 shares of the company’s stock valued at $2,205,000 after purchasing an additional 79,808 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

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.

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