MKM Partners Keeps Their Hold Rating on Albertsons Companies (ACI)

MKM Partners analyst William Kirk maintained a Hold rating on Albertsons Companies (ACIResearch Report) today and set a price target of $18.00. The company’s shares closed last Wednesday at $16.91.

According to TipRanks.com, Kirk is a 1-star analyst with an average return of -2.2% and a 42.6% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and United Natural Foods.

Albertsons Companies has an analyst consensus of Moderate Buy, with a price target consensus of $18.86, a 10.3% upside from current levels. In a report released yesterday, BMO Capital also downgraded the stock to Hold with a $18.00 price target.

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Based on Albertsons Companies’ latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $15.76 billion and net profit of $285 million. In comparison, last year the company earned revenue of $14.18 billion and had a net profit of $295 million.

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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.