Morgan Stanley analyst Simeon Gutman maintained a Sell rating on Albertsons Companies (ACI) today and set a price target of $14.00. The company’s shares closed last Wednesday at $18.71.
According to TipRanks.com, Gutman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -2.6% and a 59.8% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as Grocery Outlet Holding, Dick’s Sporting Goods, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Albertsons Companies with a $19.50 average price target.
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The company has a one-year high of $20.89 and a one-year low of $12.91. Currently, Albertsons Companies has an average volume of 1.97M.
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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.
