Albertsons Companies, Inc. (NYSE:ACI) Receives Consensus Rating of "Moderate Buy" from Analysts

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.58.

A number of brokerages have recently issued reports on ACI. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Albertsons Companies in a research report on Friday, October 18th. Tigress Financial reiterated a "buy" rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. BMO Capital Markets dropped their target price on Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating on the stock in a research note on Wednesday, October 16th. Melius upgraded Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price target on the stock in a research note on Monday, October 21st. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Friday, October 11th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company's stock valued at $47,000 after buying an additional 1,230 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company's stock worth $62,000 after purchasing an additional 2,801 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of Albertsons Companies during the 2nd quarter worth about $126,000. Acadian Asset Management LLC purchased a new position in Albertsons Companies in the 2nd quarter valued at about $150,000. Finally, Headlands Technologies LLC boosted its holdings in Albertsons Companies by 2,243.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,977 shares of the company's stock worth $177,000 after buying an additional 8,594 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of ACI opened at $19.54 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The company has a 50 day moving average price of $18.68 and a 200-day moving average price of $19.51. Albertsons Companies has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The stock has a market capitalization of $11.32 billion, a PE ratio of 11.43, a PEG ratio of 1.13 and a beta of 0.49.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Equities analysts predict that Albertsons Companies will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies's dividend payout ratio is currently 28.07%.

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. It also manufactures and processes food products for sale in stores.