Albertsons Companies (NYSE:ACI) Upgraded by Roth Mkm to “Buy”

Albertsons Companies (NYSE:ACI) was upgraded by equities researchers at Roth Mkm from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $24.00 price target on the stock. Roth Mkm’s price target suggests a potential upside of 19.67% from the company’s previous close.

Several other analysts also recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research report on Wednesday, April 17th. Evercore ISI reduced 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 report on Tuesday, April 16th. Tigress Financial reiterated a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Finally, Royal Bank of Canada reduced their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.45.

Albertsons Companies Stock Down 1.3 %

ACI stock opened at $20.06 on Tuesday. The company has a fifty day moving average price of $20.88 and a 200 day moving average price of $21.62. Albertsons Companies has a 12 month low of $19.84 and a 12 month high of $23.88. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.19.

Hedge Funds Weigh In On Albertsons Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Peddock Capital Advisors LLC grew its stake in shares of Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock worth $538,000 after purchasing an additional 500 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Albertsons Companies by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after purchasing an additional 519 shares during the period. Verus Capital Partners LLC grew its stake in shares of Albertsons Companies by 3.7% during the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock worth $341,000 after purchasing an additional 540 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of Albertsons Companies by 3.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock worth $379,000 after purchasing an additional 600 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in Albertsons Companies by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company’s stock valued at $3,865,000 after acquiring an additional 620 shares during the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

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.