Albertsons Companies (NYSE:ACI) Price Target Raised to $37.00

Albertsons Companies (NYSE:ACIGet Rating) had its price target hoisted by analysts at Royal Bank of Canada from $33.00 to $37.00 in a report released on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.16% from the company’s current price.

A number of other analysts also recently commented on ACI. Zacks Investment Research downgraded Albertsons Companies from a “strong-buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a report on Tuesday, March 15th. Morgan Stanley upped their price objective on Albertsons Companies from $24.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, January 12th. MKM Partners upped their price objective on Albertsons Companies from $31.00 to $33.00 in a report on Thursday, January 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Albertsons Companies from $40.00 to $42.00 in a report on Thursday, April 7th. Finally, Telsey Advisory Group upped their price target on shares of Albertsons Companies from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.46.

Shares of ACI opened at $32.41 on Wednesday. The stock has a fifty day moving average of $32.63 and a two-hundred day moving average of $31.57. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.50 and a current ratio of 1.00. The company has a market capitalization of $15.14 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.42 and a beta of 0.11. Albertsons Companies has a fifty-two week low of $17.73 and a fifty-two week high of $37.99.

Albertsons Companies (NYSE:ACIGet Rating) last issued its quarterly earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.10. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $16.85 billion. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. Albertsons Companies’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. As a group, equities research analysts forecast that Albertsons Companies will post 2.82 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of ACI. Deseret Mutual Benefit Administrators boosted its position in Albertsons Companies by 108.1% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,136 shares of the company’s stock valued at $35,000 after buying an additional 590 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Albertsons Companies during the fourth quarter worth about $54,000. Metropolitan Life Insurance Co NY bought a new position in shares of Albertsons Companies during the fourth quarter worth about $93,000. Schroder Investment Management Group bought a new position in shares of Albertsons Companies during the fourth quarter worth about $104,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Albertsons Companies by 20.6% during the third quarter. Financial Management Professionals Inc. now owns 4,086 shares of the company’s stock worth $127,000 after purchasing an additional 697 shares during the last quarter. 58.30% of the stock is owned by institutional investors.

Albertsons Companies Company Profile (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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