Albertsons Companies (NYSE:ACI) had its price objective upped by analysts at MKM Partners from $17.00 to $27.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. MKM Partners’ price objective would suggest a potential downside of 10.30% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, July 27th. Morgan Stanley raised their target price on Albertsons Companies from $15.00 to $20.00 and gave the company an “underweight” rating in a report on Monday, August 2nd. Tigress Financial downgraded Albertsons Companies from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Wednesday, August 11th. Deutsche Bank Aktiengesellschaft raised their target price on Albertsons Companies from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 19th. Finally, Barclays raised Albertsons Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $19.00 to $27.00 in a report on Wednesday, August 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.92.
Shares of NYSE ACI opened at $30.10 on Thursday. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a fifty day moving average price of $26.40 and a 200 day moving average price of $21.70. Albertsons Companies has a 1-year low of $12.91 and a 1-year high of $34.09. The company has a market cap of $14.04 billion, a PE ratio of 27.36, a P/E/G ratio of 1.12 and a beta of 0.05.
A number of institutional investors have recently bought and sold shares of the stock. Lubert Adler Management Company LP increased its position in Albertsons Companies by 4.5% during the 2nd quarter. Lubert Adler Management Company LP now owns 58,128,754 shares of the company’s stock worth $1,142,811,000 after purchasing an additional 2,503,063 shares in the last quarter. Colony Capital Inc. purchased a new stake in Albertsons Companies during the 1st quarter worth about $332,313,000. Massachusetts Financial Services Co. MA increased its position in Albertsons Companies by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,974,525 shares of the company’s stock worth $113,934,000 after purchasing an additional 24,376 shares in the last quarter. BlackRock Inc. increased its position in Albertsons Companies by 176.9% during the 1st quarter. BlackRock Inc. now owns 4,983,422 shares of the company’s stock worth $95,034,000 after purchasing an additional 3,183,750 shares in the last quarter. Finally, Private Management Group Inc. grew its holdings in Albertsons Companies by 0.4% in the 2nd quarter. Private Management Group Inc. now owns 2,295,841 shares of the company’s stock valued at $45,136,000 after buying an additional 9,641 shares during the period. Hedge funds and other institutional investors own 58.78% 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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.
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