Oppenheimer Releases a Buy Rating on Albertsons Companies (ACI)

Oppenheimer analyst Rupesh Parikh assigned a Buy rating to Albertsons Companies (ACI) today and set a price target of $20.00. The company’s shares closed last Monday at $16.66.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 13.9% and a 64.3% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.

Currently, the analyst consensus on Albertsons Companies is a Moderate Buy with an average price target of $18.90.

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The company has a one-year high of $20.62 and a one-year low of $12.91. Currently, Albertsons Companies has an average volume of 2.51M.

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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.

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