Albertsons Companies (NYSE:ACI) Price Target Raised to $37.00

Albertsons Companies (NYSE:ACIGet Rating) had its price objective increased by UBS Group from $31.00 to $37.00 in a research report sent to investors on Monday morning, The Fly reports. UBS Group currently has a neutral rating on the stock.

ACI has been the subject of a number of other reports. Barclays raised their price target on Albertsons Companies from $30.00 to $32.00 and gave the stock an equal weight rating in a research note on Wednesday, January 12th. MKM Partners raised their price target on Albertsons Companies from $31.00 to $33.00 in a research note on Thursday, January 13th. Morgan Stanley raised their price target on Albertsons Companies from $24.00 to $26.00 and gave the stock an underweight rating in a research note on Wednesday, January 12th. Deutsche Bank Aktiengesellschaft raised their price target on Albertsons Companies from $40.00 to $42.00 in a research note on Thursday, April 7th. Finally, Zacks Investment Research downgraded Albertsons Companies from a strong-buy rating to a hold rating and set a $38.00 price objective on the stock. in a research note on Tuesday, March 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $32.46.

NYSE:ACI opened at $33.18 on Monday. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 2.36. Albertsons Companies has a 1-year low of $17.73 and a 1-year high of $37.99. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 1.42 and a beta of 0.11. The stock has a fifty day simple moving average of $32.55 and a 200 day simple moving average of $31.56.

Albertsons Companies (NYSE:ACIGet Rating) last released its quarterly earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.10. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $16.85 billion. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. Albertsons Companies’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Equities analysts predict that Albertsons Companies will post 2.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 10th. Investors of record on Tuesday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. Albertsons Companies’s dividend payout ratio (DPR) is presently 16.96%.

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Albertsons Companies by 7.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 44,084 shares of the company’s stock worth $1,372,000 after buying an additional 3,094 shares during the period. Citigroup Inc. raised its position in Albertsons Companies by 10.5% in the 3rd quarter. Citigroup Inc. now owns 87,330 shares of the company’s stock valued at $2,719,000 after purchasing an additional 8,281 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Albertsons Companies by 11.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 20,024 shares of the company’s stock valued at $623,000 after purchasing an additional 2,089 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Albertsons Companies in the 3rd quarter valued at $203,000. Finally, Russell Investments Group Ltd. raised its position in Albertsons Companies by 3.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 400,517 shares of the company’s stock valued at $12,466,000 after purchasing an additional 14,648 shares during the last quarter. Institutional investors and hedge funds own 58.30% of the company’s stock.

About Albertsons Companies (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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