Albertsons Companies (NYSE:ACI) Price Target Cut to $22.00

Albertsons Companies (NYSE:ACI) had its price target decreased by equities researchers at Evercore ISI from $23.00 to $22.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 7.71% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a report on Tuesday, February 13th. Roth Mkm increased their target price on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Telsey Advisory Group reissued a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Thursday, January 4th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.85.

Albertsons Companies Stock Up 1.1 %

Shares of NYSE:ACI opened at $20.43 on Tuesday. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. Albertsons Companies has a 1-year low of $19.88 and a 1-year high of $23.88. The company’s fifty day moving average is $20.95 and its two-hundred day moving average is $21.70. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85.

Institutional Trading of Albertsons Companies

A number of large investors have recently modified their holdings of ACI. NBC Securities Inc. bought a new position in Albertsons Companies in the 3rd quarter valued at about $28,000. Blue Trust Inc. grew its position in Albertsons Companies by 255.1% in the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after buying an additional 1,051 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in Albertsons Companies in the 4th quarter valued at about $45,000. UniSuper Management Pty Ltd bought a new position in Albertsons Companies in the 2nd quarter valued at about $46,000. Finally, Fortis Capital Advisors LLC bought a new position in Albertsons Companies in the 4th quarter valued at about $51,000. Institutional investors and hedge funds 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.