Albertsons Companies (NYSE:ACI – Get Free Report) was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports.
Several other research analysts have also recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Tuesday. Tigress Financial restated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Friday, January 12th. Royal Bank of Canada cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday. Roth Mkm upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday. Finally, Evercore ISI cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.45.
Read Our Latest Report on Albertsons Companies
Albertsons Companies Stock Down 1.3 %
Hedge Funds Weigh In On Albertsons Companies
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Albertsons Companies during the third quarter valued at $28,000. Blue Trust Inc. grew its stake in shares of Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,051 shares during the period. Van ECK Associates Corp bought a new stake in shares of Albertsons Companies during the 3rd quarter valued at about $52,000. Principal Securities Inc. bought a new stake in shares of Albertsons Companies during the 4th quarter valued at about $62,000. Finally, CI Investments Inc. grew its stake in shares of Albertsons Companies by 21.8% during the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock valued at $99,000 after purchasing an additional 783 shares during the period. Hedge funds and other institutional investors 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.
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