Albertsons Companies (NYSE:ACI) Given New $20.00 Price Target at Evercore ISI

Albertsons Companies (NYSE:ACI) had its price target cut by investment analysts at Evercore ISI from $21.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 14.65% from the company’s current price.

ACI has been the topic of a number of other research reports. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Royal Bank Of Canada dropped their target price on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. UBS Group cut their price target on Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.69.

Albertsons Companies Stock Up 0.1%

NYSE ACI opened at $17.45 on Tuesday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. Albertsons Companies has a fifty-two week low of $16.55 and a fifty-two week high of $23.20. The business has a 50 day moving average price of $18.03 and a two-hundred day moving average price of $19.12. The stock has a market cap of $9.58 billion, a PE ratio of 10.32, a P/E/G ratio of 2.84 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The company had revenue of $18.92 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. As a group, sell-side analysts predict that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the transaction, the insider owned 300,577 shares of the company’s stock, valued at $5,786,107.25. This trade represents a 43.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the completion of the transaction, the executive vice president owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Albertsons Companies

Several institutional investors have recently added to or reduced their stakes in ACI. American Century Companies Inc. lifted its position in shares of Albertsons Companies by 1,773.9% in the 1st quarter. American Century Companies Inc. now owns 511,543 shares of the company’s stock worth $11,249,000 after buying an additional 484,244 shares during the last quarter. Cresset Asset Management LLC raised its stake in Albertsons Companies by 19.5% during the first quarter. Cresset Asset Management LLC now owns 12,079 shares of the company’s stock worth $266,000 after acquiring an additional 1,969 shares during the period. Wellington Management Group LLP lifted its holdings in Albertsons Companies by 48.9% in the first quarter. Wellington Management Group LLP now owns 527,982 shares of the company’s stock worth $11,610,000 after acquiring an additional 173,492 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Albertsons Companies by 18.9% in the first quarter. Hsbc Holdings PLC now owns 240,944 shares of the company’s stock valued at $5,293,000 after acquiring an additional 38,314 shares during the period. Finally, Allstate Corp boosted its stake in Albertsons Companies by 86.5% in the first quarter. Allstate Corp now owns 22,458 shares of the company’s stock valued at $494,000 after acquiring an additional 10,414 shares during the period. Institutional investors own 71.35% of the company’s stock.

About Albertsons Companies

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.