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Tuesday, July 21, 2020 12:58:04 PM
10:18 AM ET 7/21/20 | Briefing.com
Related Quotes
12:56 PM ET 7/21/20
Symbol Last % Chg
ACI
15.72 0.80%
Real time quote.
. Telsey Advisory Group initiates ACI with an Outperform and price target of $26. Analyst Joseph Feldman said, "Albertsons is in the early stages of a transformation that should drive market share gains, earnings growth, and free cash flow for multiple years. This, combined with the current attractive valuation, offers an opportunity for ACI shares to Outperform. Albertsons should continue to benefit from the structural shift in consumer shopping behavior toward digital, increased at-home consumption, and ongoing consolidation. Sustainable growth also should be driven by transformative initiatives, like enhanced merchandising, renewed focus on loyalty, and new digital and omni-channel capabilities. The plan to leverage data analytics and alternative businesses should provide further upside. These actions are likely to make Albertsons long-term targets-ID sales of 2.25%, EBITDA growth of 3%-5%, lower interest expense, EPS growth of HSD, and total shareholder return (TSR) of double-digits-prove conservative. Importantly, Albertsons has improved its balance sheet, with a reduced leverage ratio, and should generate solid free cash flow. Albertsons, in our view, deserve a higher valuation, more like Kroger and other food retailers, given its transformation and stable outlook. As such, our 12-month price target of $26 is based on applying an EV/EBITDA multiple of ~7x to our adjusted 2021 EBITDA of $3.2B. This implies a P/E multiple of ~17x to our adjusted 2021 EPS estimate of $1.53."
Recent ACI News
- Albertsons Media Collective Launches Collective TV - Powered by First-Party Data, Closed-Loop Measurement, Shoppable Ads and Premium Inventory • Business Wire • 06/13/2024 01:00:00 PM
- Leading Nonprofits Join Albertsons Companies Foundation in a First-of-Its-Kind Initiative to Tackle Summer Hunger Among Children in the U.S. • Business Wire • 06/12/2024 01:00:00 PM
- Albertsons Media Collective Partners with Rokt to Extend Its Retail Media Ecosystem, Adds Non-Endemic Ads Across Its Portfolio of Brands • PR Newswire (US) • 06/07/2024 02:30:00 PM
- Albertsons Companies Foundation Celebrates a Decade of Fighting Hunger and $297 Million Raised with Nourishing Neighbors Program • Business Wire • 06/06/2024 03:50:00 PM
- Albertsons Companies and Uber Partner Together to Deliver Surplus Food to Neighbors in Need • Business Wire • 06/04/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 12:06:56 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 12:06:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 12:04:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:54:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:52:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:50:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:48:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:47:03 PM
- Albertsons Companies Wins ‘People’s Voice’ Webby Award for Best Shopping and Retail App • Business Wire • 04/30/2024 02:29:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Updated and Expanded Divestiture Plan • PR Newswire (US) • 04/22/2024 12:30:00 PM
- Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results • Business Wire • 04/22/2024 12:30:00 PM
- U.S. Index Futures Surge While Wall Street Eyes Rebound on Earnings Focus, Oil Prices Slip • IH Market News • 04/22/2024 12:09:47 PM
- Albertsons Companies Announces Common Stock Dividend • Business Wire • 04/11/2024 01:00:00 PM
- Albertsons Companies Unveils Simplified “for U” Loyalty Program Enhancing Member Experience to Provide Even Greater Value • Business Wire • 04/03/2024 05:00:00 PM
- Albertsons Companies to Release Fourth Quarter and Fiscal 2023 Earnings on April 22, 2024 • Business Wire • 04/01/2024 08:01:00 PM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 02:31:46 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 02:29:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 02:28:25 AM
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