Albertsons Companies (NYSE:ACI) Earns Neutral Rating from Analysts at MKM Partners
MKM Partners began coverage on shares of Albertsons Companies (NYSE:ACI) in a report published on Wednesday, BenzingaRatingsTable reports. The firm issued a neutral rating and a $17.00 price target on the stock.
A number of other analysts also recently issued reports on the company. Evercore ISI started coverage on Albertsons Companies in a research report on Tuesday, July 21st. They issued an outperform rating for the company. Deutsche Bank started coverage on Albertsons Companies in a research report on Tuesday, July 21st. They set a buy rating and a $21.00 target price for the company. Bank of America started coverage on Albertsons Companies in a research report on Tuesday, July 21st. They set a buy rating and a $22.00 target price for the company. Guggenheim started coverage on Albertsons Companies in a research report on Tuesday, July 21st. They set a buy rating and a $20.00 target price for the company. Finally, Credit Suisse Group began coverage on Albertsons Companies in a research report on Tuesday, July 21st. They set an outperform rating and a $18.00 target price for the company. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $20.44.
Shares of ACI opened at $14.86 on Wednesday. Albertsons Companies has a 52-week low of $13.72 and a 52-week high of $16.50.
In other Albertsons Companies news, insider Realty Corp Kimco sold 4,675,726 shares of Albertsons Companies stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $15.27, for a total value of $71,398,336.02. 1.70% of the stock is owned by insiders.
An institutional investor recently bought a new position in Albertsons Companies stock. UBS Group AG purchased a new position in shares of Albertsons Companies Inc (NYSE:ACI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 150,825 shares of the company’s stock, valued at approximately $2,378,000.
Albertsons Companies Company Profile
Albertsons Companies, Inc, through its subsidiaries, operates as a food and drug retailer in the United States. Its 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 29, 2020, the company operated 2,252 stores under various banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Market Street, Pavilions, Star Market, Carrs, and Haggen; and 1,726 pharmacies, 1,290 in-store branded coffee shops, and 402 adjacent fuel centers.
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