Albertsons Companies (NYSE:ACI) Stock Rating Reaffirmed by Telsey Advisory Group

Albertsons Companies (NYSE:ACI)‘s stock had its “market perform” rating reissued by Telsey Advisory Group in a note issued to investors on Tuesday, Benzinga reports. They currently have a $27.25 price objective on the stock. Telsey Advisory Group’s price objective points to a potential upside of 35.88% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday. Evercore ISI lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Roth Mkm raised Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday. Finally, Tigress Financial reissued a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $20.06 on Tuesday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.19. The stock has a market cap of $11.55 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. The stock has a 50-day moving average of $20.88 and a 200-day moving average of $21.62. Albertsons Companies has a one year low of $19.84 and a one year high of $23.88.

Hedge Funds Weigh In On Albertsons Companies

A number of large investors have recently bought and sold shares of ACI. Norges Bank acquired a new position in Albertsons Companies during the 4th quarter worth approximately $312,510,000. Vanguard Group Inc. boosted its position in Albertsons Companies by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company’s stock worth $754,026,000 after acquiring an additional 2,950,786 shares during the last quarter. Westchester Capital Management LLC acquired a new position in Albertsons Companies during the 3rd quarter worth approximately $64,739,000. Hsbc Holdings PLC boosted its position in Albertsons Companies by 232.2% during the 3rd quarter. Hsbc Holdings PLC now owns 2,485,704 shares of the company’s stock worth $56,596,000 after acquiring an additional 1,737,466 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Albertsons Companies by 95.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,230,794 shares of the company’s stock worth $50,751,000 after acquiring an additional 1,092,150 shares during the last quarter. 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.