Albertsons is a good stock to buy. It is a grocery store chain with great locations, a solid reputation, and a history of success.
The company has been in business for over 100 years and has a strong financial position. The stock is currently trading at a reasonable price and has upside potential.
Albertsons is a grocery store chain that was founded in Boise, Idaho in 1939. The company has grown to become one of the largest grocery store chains in the United States.
Albertsons operates stores under various banners including Albertsons, Safeway, Vons, Pavilions, Jewel-Osco, Shaw’s, Star Market, United Express, United Supermarkets, Market Street, and Amigos. As of 2019, the company operated 2,252 stores across 35 states and Washington D.C.
Albertsons is a publicly traded company with a market capitalization of $12.7 billion as of 2019. The company’s stock trades on the New York Stock Exchange under the ticker symbol “ABS.”
Investors are attracted to Albertsons for its dividend yield and strong financial position. The company has a dividend yield of 2.4% as of 2019 and has increased its dividend for 12 consecutive years.
Albertsons has a strong balance sheet with $2.9 billion in cash and short-term investments as of 2019. This provides the company with plenty of financial flexibility to continue growing its business.
The stock is currently trading at $28 per share, which is near the lower end of its 52-week range of $28-$39 per share. Analysts have an average price Target of $34 per share on Albertsons stock, which represents upside potential of 21%.
In conclusion, Albertsons is a good stock to buy due to its strong fundamentals and upside potential.
