RBC Capital Sticks to Its Buy Rating for Albertsons Companies (ACI)

In a report released today, Steven Shemesh from RBC Capital maintained a Buy rating on Albertsons Companies (ACI – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $20.23.

Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and CarParts.com Inc. According to TipRanks, Shemesh has an average return of -6.3% and a 45.18% success rate on recommended stocks.

Albertsons Companies has an analyst consensus of Moderate Buy, with a price target consensus of $23.75, implying a 17.40% upside from current levels. In a report released yesterday, J.P. Morgan also reiterated a Buy rating on the stock with a $27.00 price target.

The company has a one-year high of $23.62 and a one-year low of $19.55. Currently, Albertsons Companies has an average volume of 3.36M.

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Albertsons Companies (ACI) Company Description:

Albertsons Companies Inc is a Delaware corporation that was incorporated on June 23, 2015. The Company is a food and drug retailer in the United States, with local presence and national scale. It operates approximately 2,205 stores across 33 states under 18 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs. It provides its customers with a service-oriented shopping experience, including convenient and value-added services through 1,698 pharmacies and 378 adjacent fuel centers. Its stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services. Various agricultural commodities constitute the principal raw materials used by the company in the manufacture of its food products.