Albertsons Companies’ (ACI) “Buy” Rating Reiterated at The Goldman Sachs Group

Albertsons Companies (NYSE:ACI)‘s stock had its “buy” rating restated by The Goldman Sachs Group in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $26.00 price objective on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 27.38% from the stock’s previous close.

Several other research firms have also recently weighed in on ACI. Evercore ISI lifted their price target on shares of Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. BMO Capital Markets cut their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Thursday, January 9th. Bank of America assumed coverage on shares of Albertsons Companies in a report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.21.

Albertsons Companies Stock Performance

Shares of NYSE:ACI opened at $20.41 on Tuesday. 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 company has a market cap of $11.83 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.87 and a beta of 0.51. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $21.75. The company has a 50-day moving average price of $19.66 and a 200-day moving average price of $19.35.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, equities analysts anticipate that Albertsons Companies will post 2.14 EPS for the current year.

Hedge Funds Weigh In On Albertsons Companies

A number of hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC increased its stake in Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after purchasing an additional 544 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Albertsons Companies by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock worth $357,000 after acquiring an additional 895 shares during the last quarter. AQR Capital Management LLC lifted its position in Albertsons Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after acquiring an additional 933 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after purchasing an additional 959 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

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.