Albertsons Companies (NYSE:ACI) Earns “Neutral” Rating from Citigroup

Albertsons Companies (NYSE:ACI)‘s stock had its “neutral” rating reaffirmed by Citigroup in a research report issued on Monday,Benzinga reports. They currently have a $11.00 price target on the stock, down from their prior price target of $17.00. Citigroup’s target price suggests a potential upside of 0.05% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Albertsons Companies from $20.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday. Royal Bank Of Canada reduced their price objective on Albertsons Companies from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets downgraded shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $23.00 to $12.00 in a research report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 price target (down from $22.00) on shares of Albertsons Companies in a report on Friday. Finally, Weiss Ratings cut shares of Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Hold” and a consensus price target of $15.92.

Albertsons Companies Price Performance

Shares of ACI stock opened at $10.99 on Monday. The company has a debt-to-equity ratio of 5.22, a current ratio of 0.84 and a quick ratio of 0.21. Albertsons Companies has a 1-year low of $10.86 and a 1-year high of $20.47. The firm has a fifty day moving average of $14.83 and a two-hundred day moving average of $16.35. The firm has a market cap of $5.39 billion, a P/E ratio of 137.44, a P/E/G ratio of 1.17 and a beta of 0.42.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). The company had revenue of $24.94 billion for the quarter, compared to analyst estimates of $24.84 billion. Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. As a group, research analysts anticipate that Albertsons Companies will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Albertsons Companies

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of Albertsons Companies by 2,707.5% in the first quarter. Fifth Third Bancorp now owns 123,867 shares of the company’s stock valued at $2,111,000 after buying an additional 119,455 shares during the period. Norges Bank acquired a new position in Albertsons Companies during the fourth quarter worth $388,089,000. Strategic Global Advisors LLC acquired a new position in shares of Albertsons Companies during the 4th quarter worth about $2,858,000. Vanguard Group Inc. boosted its position in Albertsons Companies by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after purchasing an additional 5,110,777 shares during the last quarter. Finally, III Capital Management boosted its holdings in shares of Albertsons Companies by 78.9% in the 4th quarter. III Capital Management now owns 215,370 shares of the company’s stock valued at $3,698,000 after buying an additional 95,000 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.