Wells Fargo analyst Edward Kelly maintained a Buy rating on Albertsons Companies today and set a price target of $23.00. The company’s shares closed yesterday at $19.26.
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According to TipRanks, Kelly is a 5-star analyst with an average return of 9.8% and a 65.38% success rate. Kelly covers the Consumer Defensive sector, focusing on stocks such as Costco, Dollar General, and Dollar Tree.
In addition to Wells Fargo, Albertsons Companies also received a Buy from UBS’s Mark Carden in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Albertsons Companies (NYSE: ACI).
Based on Albertsons Companies’ latest earnings release for the quarter ending June 14, the company reported a quarterly revenue of $24.88 billion and a net profit of $236.4 million. In comparison, last year the company earned a revenue of $24.27 billion and had a net profit of $240.7 million
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Disclaimer & DisclosureReport an Issue
- Albertsons price target lowered to $22 from $24 at BofA
- Albertsons Companies: Strong Growth Potential and Resilience Amidst Industry Challenges
- Albertsons Companies: Hold Rating Amidst Stabilized EBITDA, Growth Challenges, and Strategic Financial Moves
- Albertsons price target lowered to $25 from $27 at UBS
- Albertsons Companies: Long-Term Growth Potential Amid Short-Term Margin Pressures Justifies Hold Rating
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