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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
- Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes • PR Newswire (US) • 09/20/2024 12:30:00 PM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Albertsons Companies Foundation Announces Recipients of $9 Million in Multiyear Nourishing Neighbors Innovation Spark Grants • Business Wire • 09/17/2024 01:00:00 PM
- Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes • PR Newswire (US) • 09/16/2024 12:30:00 PM
- Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes • PR Newswire (US) • 09/11/2024 10:54:00 PM
- Albertsons Companies Foundation Launches the Million Hour Volunteer Rally to Support Local Nonprofits and Neighbors in Need • Business Wire • 09/10/2024 01:00:00 PM
- Albertsons Companies Launches New Own Brand, Overjoyed™, Featuring Indulgent Treats, Gifts and Décor • Business Wire • 09/04/2024 01:00:00 PM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- Albertsons Companies Pharmacies Announce COVID and Flu Vaccines Available Now to Help Protect Communities Against the Upcoming Respiratory Virus Season • Business Wire • 08/29/2024 06:41:00 PM
- Kroger Announces Results of Early Participation in Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes and Certain Amendments to the Exchange Offers and Consent Solicitations • PR Newswire (US) • 08/29/2024 12:30:00 PM
- Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion • IH Market News • 08/29/2024 10:06:50 AM
- Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback • IH Market News • 08/27/2024 09:35:22 AM
- Walmart Sells JD.com Stake, Microchip Suffers Cyberattack, Union Pacific Warns of Strike in Canada, and Latest News • IH Market News • 08/21/2024 12:12:11 PM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Kroger Announces Commencement of Exchange Offers and Consent Solicitations for Albertsons Companies Notes • PR Newswire (US) • 08/15/2024 08:54:00 PM
- UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More • IH Market News • 08/14/2024 09:56:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 11:00:40 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 08/13/2024 10:29:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 10:11:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 10:10:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 10:09:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 10:02:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 10:01:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 09:58:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 09:55:15 PM
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