RBC Capital Affirms Neutral Rating on Albertsons Companies (ACI) Ahead of Q1 Results

Albertsons Companies, Inc. (NYSE:ACI) is one of the 10 best organic food and farming stocks to buy now. On July 1, RBC Capital reiterated an ‘Outperform’ rating on the stock and a $23 price target. The research firm expects the company to deliver solid first-quarter results.

RBC Capital expects Albertson Companies to post same-store sales growth of 2.2%, above the consensus estimate of 2.1%. In addition, the research firm projects adjusted EBITDA to decline 7% year over year to $1.10 billion, which is slightly above the $1.09 billion that analysts expect. RBC Capital is also wary of margin pressure from the pharmacy mix, which is offset somewhat by continued e-commerce growth.

Albertsons Companies, Inc. (NYSE:ACI) is one of the best organic food and drug retailers in the United States. It operates a vast network of grocery stores under various banners like Albertsons, Safeway, and Vons. It offers a wide range of products, including groceries, general merchandise, health and beauty care items, and pharmacy services.

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Disclosure: None. This article is originally published at Insider Monkey.