Albertsons Companies, Inc. (NYSE:ACI) Receives Average Recommendation of “Hold” from Analysts

Albertsons Companies, Inc. (NYSE:ACI) has been given a consensus rating of “Hold” by the twelve research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $25.00.

A number of analysts have commented on the company. Telsey Advisory Group raised their price objective on Albertsons Companies from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Albertsons Companies from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 19th. Morgan Stanley raised their price objective on Albertsons Companies from $15.00 to $20.00 and gave the stock an “underweight” rating in a research report on Monday, August 2nd. MKM Partners raised their target price on Albertsons Companies from $17.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, September 16th. Finally, Zacks Investment Research downgraded Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 21st.

A number of hedge funds have recently added to or reduced their stakes in ACI. Advisory Services Network LLC acquired a new stake in Albertsons Companies during the 2nd quarter valued at $39,000. American International Group Inc. increased its holdings in Albertsons Companies by 210.2% during the 1st quarter. American International Group Inc. now owns 2,463 shares of the company’s stock valued at $47,000 after purchasing an additional 1,669 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Albertsons Companies during the 1st quarter valued at $51,000. Dark Forest Capital Management LP acquired a new stake in Albertsons Companies during the 2nd quarter valued at $51,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Albertsons Companies during the 2nd quarter valued at $63,000. 58.78% of the stock is owned by hedge funds and other institutional investors.

Shares of ACI stock traded down $0.44 during mid-day trading on Friday, reaching $31.34. The stock had a trading volume of 880,266 shares, compared to its average volume of 1,684,600. The firm’s 50 day simple moving average is $27.49 and its 200 day simple moving average is $22.19. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 4.80. Albertsons Companies has a one year low of $13.30 and a one year high of $34.09. The firm has a market cap of $14.62 billion, a PE ratio of 28.49, a P/E/G ratio of 1.16 and a beta of 0.05.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Wednesday, July 28th. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. Albertsons Companies had a return on equity of 107.72% and a net margin of 1.04%. The company had revenue of $21.27 billion during the quarter, compared to the consensus estimate of $20.69 billion. Sell-side analysts forecast that Albertsons Companies will post 2.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 10th. Investors of record on Monday, July 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. Albertsons Companies’s dividend payout ratio is 12.35%.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

Recommended Story: How to calculate the annual rate of depreciation

Analyst Recommendations for Albertsons Companies (NYSE:ACI)

Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.