Albertsons Companies (NYSE:ACI - Free Report) had its target price decreased by Telsey Advisory Group from $27.25 to $21.00 in a research note published on Thursday,Benzinga reports. Telsey Advisory Group currently has a market perform rating on the stock.
A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets cut their price target on shares of Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Albertsons Companies in a report on Friday, October 18th. Melius upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a research report on Monday, October 21st. Royal Bank of Canada lowered their price target on Albertsons Companies from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Evercore ISI raised their price objective on Albertsons Companies from $18.00 to $19.00 and gave the company an "in-line" rating in a research note on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and six have given 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 $22.10.
Get Our Latest Stock Analysis on ACI
Albertsons Companies Stock Performance
Shares of ACI stock traded up $0.89 during trading hours on Thursday, reaching $19.12. 18,171,074 shares of the company's stock were exchanged, compared to its average volume of 3,213,931. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The company's 50 day moving average is $18.84 and its two-hundred day moving average is $19.40. The company has a market cap of $11.08 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.47.
Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. Albertsons Companies's quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Albertsons Companies will post 2.13 EPS for the current fiscal year.
Albertsons Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.51%. Albertsons Companies's dividend payout ratio is currently 28.07%.
Institutional Trading of Albertsons Companies
Several institutional investors and hedge funds have recently made changes to their positions in ACI. Signaturefd LLC raised its stake in Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company's stock valued at $47,000 after purchasing an additional 1,230 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company's stock worth $62,000 after purchasing an additional 2,801 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Albertsons Companies during the second quarter worth about $126,000. Acadian Asset Management LLC acquired a new position in shares of Albertsons Companies in the second quarter valued at approximately $150,000. Finally, Headlands Technologies LLC lifted its stake in shares of Albertsons Companies by 2,243.9% during the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company's stock valued at $177,000 after buying an additional 8,594 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
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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