UBS Group Issues Pessimistic Forecast for Albertsons Companies (NYSE:ACI) Stock Price

Albertsons Companies (NYSE:ACI) had its price objective cut by research analysts at UBS Group from $24.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 1.55% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Evercore ISI lifted their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Albertsons Companies in a report on Thursday, April 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Finally, Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.36.

Albertsons Companies Trading Up 2.4 %

Shares of NYSE ACI opened at $21.66 on Wednesday. The stock has a market capitalization of $12.55 billion, a PE ratio of 12.17, a PEG ratio of 1.92 and a beta of 0.47. Albertsons Companies has a twelve month low of $17.00 and a twelve month high of $23.20. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock has a fifty day simple moving average of $21.18 and a 200-day simple moving average of $19.95.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion during the quarter, compared to analysts’ expectations of $18.78 billion. During the same quarter last year, the business posted $0.54 EPS. On average, equities analysts forecast that Albertsons Companies will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its position in shares of Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after purchasing an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after buying an additional 1,358 shares during the last quarter. WealthCollab LLC increased its position in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after buying an additional 1,454 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after acquiring an additional 1,483 shares during the last quarter. 71.35% of the stock is 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.