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$ACI Credit Suisse Stick to Their Buy Rating for Albertsons Companies ACI

Credit Suisse (SIX:CSGN) analyst Judah Frommer maintained a Buy rating on Albertsons Companies on Monday, setting a price target of $18, which is approximately 11.73% above the present share price of $16.11.

Frommer expects Albertsons Companies to post earnings per share (EPS) of $0.14 for the third quarter of 2020.

The current consensus among 16 TipRanks analysts is for a Strong Buy rating of shares in Albertsons Companies, with an average price target of $19.64.
The analysts price targets range from a high of $26 to a low of $15.

In its latest earnings report, released on 02/29/2020, the company reported a quarterly revenue of $15.44 billion and a net profit of $324.5 million. The company's market cap is $7.3 billion.

According to TipRanks.com, Credit Suisse analyst Judah Frommer is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.3% and a 68.25% success rate.

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.

https://www.investing.com/news/credit-suisse-stick-to-their-buy-rating-for-albertsons-companies-2243850