Telsey Advisory Group Reaffirms Market Perform Rating for Albertsons Companies (NYSE:ACI)

Albertsons Companies (NYSE:ACI)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a report released on Wednesday, Benzinga reports. They presently have a $27.25 target price on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 33.06% from the company’s current price.

ACI has been the subject of a number of other reports. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 13th. Roth Mkm raised their price target on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, Evercore ISI decreased their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Albertsons Companies has a consensus rating of “Hold” and a consensus price target of $24.85.

Albertsons Companies Trading Up 1.3 %

Shares of ACI stock traded up $0.27 on Wednesday, reaching $20.48. The company had a trading volume of 790,667 shares, compared to its average volume of 3,472,021. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. The stock has a market cap of $11.80 billion, a PE ratio of 8.75, a PEG ratio of 0.95 and a beta of 0.50. The company has a 50-day moving average of $20.97 and a 200-day moving average of $21.71. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88.

Hedge Funds Weigh In On Albertsons Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Albertsons Companies by 5.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,304 shares of the company’s stock worth $928,000 after purchasing an additional 2,144 shares during the period. TrueMark Investments LLC bought a new position in Albertsons Companies during the first quarter worth $1,147,000. Eagle Rock Investment Company LLC boosted its position in Albertsons Companies by 31.8% during the first quarter. Eagle Rock Investment Company LLC now owns 58,148 shares of the company’s stock worth $1,247,000 after purchasing an additional 14,013 shares during the period. Alaska Permanent Fund Corp boosted its position in Albertsons Companies by 4.6% during the first quarter. Alaska Permanent Fund Corp now owns 117,787 shares of the company’s stock worth $2,525,000 after purchasing an additional 5,139 shares during the period. Finally, Symmetry Partners LLC boosted its position in Albertsons Companies by 11.9% during the first quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock worth $232,000 after purchasing an additional 1,149 shares during the period. 71.35% of the stock is owned by institutional investors.

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.