Albertsons Companies (NYSE:ACI) Now Covered by Melius Research

Melius Research began coverage on shares of Albertsons Companies (NYSE:ACI) in a note issued to investors on Monday, Benzinga reports. The brokerage set a “hold” rating and a $19.00 price target on the stock. Melius Research’s target price indicates a potential upside of 2.81% from the stock’s previous close.

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

Albertsons Companies Stock Down 1.0 %

Shares of ACI stock traded down $0.19 during trading hours on Monday, hitting $18.48. 1,419,523 shares of the company were exchanged, compared to its average volume of 3,013,203. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 1.02 and a beta of 0.49. Albertsons Companies has a one year low of $17.80 and a one year high of $23.47. The business’s 50-day simple moving average is $19.68 and its two-hundred day simple moving average is $20.18.

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

Institutional Trading of Albertsons Companies

A number of institutional investors and hedge funds have recently modified their holdings of ACI. Geneos Wealth Management Inc. bought a new position in shares of Albertsons Companies during the 1st quarter worth approximately $41,000. Signaturefd LLC increased its position in Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after acquiring an additional 1,230 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after purchasing an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd raised its position in Albertsons Companies by 133.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Albertsons Companies during the 2nd quarter worth $126,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.