Albertsons Companies, Inc. (NYSE:ACI) Receives $23.54 Consensus Target Price from Analysts

Shares of Albertsons Companies, Inc. (NYSE:ACI) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.54.

ACI has been the topic of several research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research note on Thursday, July 18th. Melius Research initiated coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They issued a “hold” rating and a $19.00 price objective on the stock.

Hedge Funds Weigh In On Albertsons Companies

Several institutional investors and hedge funds have recently modified their holdings of ACI. Verus Capital Partners LLC increased its holdings 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 acquiring an additional 565 shares during the last quarter. Oppenheimer & Co. Inc. raised its position 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 during the last quarter. AQR Capital Management LLC raised its position in Albertsons Companies by 1.6% in the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after purchasing an additional 933 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Albertsons Companies by 2.2% during the first quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock worth $1,093,000 after acquiring an additional 1,121 shares during the last quarter. Finally, Symmetry Partners LLC raised its position in shares of Albertsons Companies by 11.9% during the first quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock worth $232,000 after acquiring an additional 1,149 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

NYSE:ACI opened at $18.28 on Tuesday. Albertsons Companies has a twelve month low of $17.80 and a twelve month high of $23.47. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. The company has a 50-day moving average of $19.26 and a 200-day moving average of $19.95. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 EPS 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 analysts’ expectations of $24.16 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. Albertsons Companies’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. Analysts forecast that Albertsons Companies will post 2.26 earnings per share for the current fiscal year.

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.