Albertsons Companies (NYSE:ACI) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Albertsons Companies (NYSE:ACI) in a research note published on Wednesday morning, Benzinga reports. Telsey Advisory Group currently has a $27.25 target price on the stock.

A number of other research analysts have also commented on the company. Royal Bank of Canada reaffirmed an outperform rating and issued a $24.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 13th. Tigress Financial reaffirmed a buy rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Roth Mkm boosted their price objective on shares of Albertsons Companies from $23.00 to $24.00 and gave the company a neutral rating in a report on Wednesday, January 10th. Finally, Evercore ISI lowered their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $24.85.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $20.43 on Wednesday. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.95 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88. The stock’s 50 day moving average is $20.95 and its 200-day moving average is $21.70.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.35%. Albertsons Companies’s dividend payout ratio is 20.51%.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds have recently bought and sold shares of ACI. NBC Securities Inc. bought a new position in Albertsons Companies in the third quarter valued at approximately $28,000. Blue Trust Inc. boosted its holdings in shares of Albertsons Companies by 255.1% in the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,051 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Albertsons Companies in the 4th quarter valued at $45,000. UniSuper Management Pty Ltd acquired a new position in shares of Albertsons Companies during the 2nd quarter worth $46,000. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Albertsons Companies during the 4th quarter worth $51,000. 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.