Albertsons Companies (NYSE:ACI) Rating Reiterated by Telsey Advisory Group

Albertsons Companies (NYSE:ACI)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a report released on Friday, Benzinga reports. They currently have a $27.25 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 49.07% from the company’s current price.

Separately, Melius Research assumed coverage on Albertsons Companies in a research report on Monday, September 23rd. They issued a “hold” rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $23.54.

Albertsons Companies Stock Performance

Shares of ACI traded down $0.02 during mid-day trading on Friday, reaching $18.28. The company had a trading volume of 828,311 shares, compared to its average volume of 3,014,948. Albertsons Companies has a 52-week low of $17.80 and a 52-week high of $23.47. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $10.59 billion, a P/E ratio of 9.53, a PEG ratio of 1.02 and a beta of 0.48. The stock has a 50 day moving average of $19.26 and a two-hundred day moving average of $19.95.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results 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). The business had revenue of $24.27 billion for the quarter, compared to analysts’ expectations of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. On average, analysts expect that Albertsons Companies will post 2.25 earnings per share for the current year.

Institutional Trading of Albertsons Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Verus Capital Partners LLC raised its stake in shares of Albertsons Companies by 3.6% during the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after buying an additional 565 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Albertsons Companies by 1.7% during the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock worth $1,094,000 after purchasing an additional 864 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Albertsons Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock worth $1,198,000 after buying an additional 933 shares during the period. 1832 Asset Management L.P. raised its position in shares of Albertsons Companies by 2.2% in the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock worth $1,093,000 after buying an additional 1,121 shares during the period. Finally, Symmetry Partners LLC raised its position 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 worth $232,000 after buying an additional 1,149 shares during the period. Institutional investors and hedge funds 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.