Albertsons Companies (NYSE:ACI - Free Report) had its target price increased by Evercore ISI from $21.00 to $22.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an in-line rating on the stock.
Other equities research analysts have also issued reports about the company. Morgan Stanley lowered their price objective on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. Bank of America assumed coverage on Albertsons Companies in a research report on Friday, December 13th. They set a "neutral" rating and a $22.00 price target on the stock. Citigroup started coverage on Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price target on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. Finally, UBS Group reduced their price objective on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.43.
Get Our Latest Analysis on ACI
Albertsons Companies Stock Performance
ACI traded down $0.58 on Tuesday, hitting $20.89. 6,767,540 shares of the stock traded hands, compared to its average volume of 3,827,049. Albertsons Companies has a 52 week low of $17.00 and a 52 week high of $21.67. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $12.10 billion, a PE ratio of 11.73, a P/E/G ratio of 1.92 and a beta of 0.50. The business has a fifty day moving average price of $20.40 and a two-hundred day moving average price of $19.49.
Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same period in the prior year, the company posted $0.79 EPS. The company's revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that Albertsons Companies will post 2.14 EPS for the current fiscal year.
Albertsons Companies Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $0.15 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.87%. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio is 33.71%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC increased its position in shares of Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after buying an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. WealthCollab LLC increased its position in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after buying an additional 1,454 shares in the last quarter. Finally, Ossiam bought a new stake in shares of Albertsons Companies in the 4th quarter valued at $93,000. Institutional investors and hedge funds own 71.35% of the company's stock.
About Albertsons Companies
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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.
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