Noor Ul Ain Rehman
1 min read
In This Article:
Albertsons Companies, Inc. (NYSE:ACI) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On May 9, Wells Fargo analyst Edward Kelly maintained a Buy rating on Albertsons Companies, Inc. (NYSE:ACI) and set a price target of $27.00.
The company’s fiscal Q4 2024 results showed notable improvements supporting the rating, with identical sales rising 2.3% and digital sales growing 24%. Albertsons Companies, Inc. (NYSE:ACI) also reported 15% growth in its loyalty members to 45.6 million, along with a net income of $172 million.
Albertsons Companies, Inc. (NYSE:ACI) also recently announced the expansion of its business eCommerce platform to more than 2,00 stores, including Star Market, Shaw’s, Albertsons, ACME, Tom Thumb, and more. The company is leveraging its diverse product selection and extensive store network to reach this significant customer base in the market.
Albertsons Companies, Inc. (NYSE:ACI) is a US-based food and drug retailer. It has over 2,269 stores across 34 states and the District of Columbia under 20 banners, including Star Market, Shaw’s, Albertsons, Kings Food Markets, United Supermarkets, Haggen, Kings Food Markets, Acme, Carrs, and more.
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Disclosure: None.
