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$ACI Albertsons Companies (NYSE:ACI) Is A Buy, Buy,

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$Pistol Pete$ Member Level  Thursday, 07/30/20 01:57:51 AM
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$ACI Albertsons Companies (NYSE:ACI) Is A Buy, Buy, Buy

Albertsons Companies (NYSE: ACI) is not a new name for investors, far from it. The company, as an investment opportunity, has been around for quite some time but its shares made their public debut just a month or so ago. Previously held by a consortium of private investors, the nation’s second-largest grocery store made its IPO to little fanfare despite a generally bullish outlook from the analyst’s community. Now, after releasing Q1 results, the stock is down about 5.0% begging the question “is it a buy or not?”

In the few weeks since the stock listed on the NYSE no fewer than 17 analysts initiated coverage. And all at least at a buy with a consensus for price action near $20.50 or roughly 33% upside with shares trading at $15. Bank Of America thinks the stock deserves a higher multiple than Kroger which is trading at a low 12X forward earnings. According to Bank Of America analysts “a slight premium vs. KR is justified given ACI’s higher forecasted EPS growth vs. KR and its merchandising, digital, Own Brands, and loyalty programs (where ACI has greater remaining opportunity vs. KR)."


https://www.marketbeat.com/originals/albertsons-companies-nyse-aci-is-a-buy-buy-buy/?utm_source=dedicatedsend&utm_medium=email&utm_campaign=dedicatedsend7494

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