Albertsons Companies (NYSE:ACI) Coverage Initiated by Analysts at Melius Research

Research analysts at Melius Research assumed coverage on shares of Albertsons Companies (NYSE:ACI) in a report released on Monday, Benzinga reports. The firm set a “hold” rating and a $19.00 price target on the stock. Melius Research’s target price indicates a potential upside of 2.59% from the company’s current price.

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.54.

Albertsons Companies Stock Down 0.1 %

ACI stock opened at $18.52 on Monday. The company has a 50 day moving average of $19.64 and a two-hundred day moving average of $20.14. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. Albertsons Companies has a 12-month low of $17.80 and a 12-month high of $23.47. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.02 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The firm had revenue of $24.27 billion for the quarter, compared to analyst estimates of $24.16 billion. During the same period in the previous year, the business posted $0.89 EPS. Albertsons Companies’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Albertsons Companies will post 2.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Albertsons Companies

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of Albertsons Companies during the 1st quarter worth $41,000. Signaturefd LLC lifted its position in Albertsons Companies by 108.4% during the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after acquiring an additional 1,230 shares during the last quarter. Blue Trust Inc. lifted its position in Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after acquiring an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in Albertsons Companies by 133.3% during the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in shares of Albertsons Companies in the second quarter valued at about $126,000. 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.