Albertsons Companies, Inc. (NYSE:ACI) Given Consensus Rating of “Hold” by Analysts

Albertsons Companies, Inc. (NYSE:ACIGet Rating) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.79.

Several equities research analysts have issued reports on ACI shares. MKM Partners lifted their price objective on Albertsons Companies from $31.00 to $33.00 in a report on Thursday, January 13th. Royal Bank of Canada lifted their price objective on Albertsons Companies from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 13th. UBS Group lifted their price objective on Albertsons Companies from $31.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, April 11th. Morgan Stanley lifted their price objective on Albertsons Companies from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, April 13th. Finally, Barclays lifted their price objective on Albertsons Companies from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 12th.

In other Albertsons Companies news, EVP Anuj Dhanda sold 29,202 shares of the firm’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $32.26, for a total transaction of $942,056.52. Following the transaction, the executive vice president now owns 282,160 shares of the company’s stock, valued at approximately $9,102,481.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Robert Bruce Larson sold 19,087 shares of the firm’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $32.33, for a total transaction of $617,082.71. Following the transaction, the chief accounting officer now directly owns 115,241 shares in the company, valued at approximately $3,725,741.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,035 shares of company stock valued at $2,055,138. Corporate insiders own 1.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new position in Albertsons Companies during the 1st quarter valued at about $33,000. AlphaCentric Advisors LLC bought a new position in shares of Albertsons Companies during the 4th quarter valued at about $54,000. Metropolitan Life Insurance Co NY bought a new position in shares of Albertsons Companies during the 4th quarter valued at about $93,000. Schroder Investment Management Group bought a new position in shares of Albertsons Companies during the 4th quarter valued at about $104,000. Finally, Denali Advisors LLC boosted its position in shares of Albertsons Companies by 37.6% during the 1st quarter. Denali Advisors LLC now owns 4,152 shares of the company’s stock valued at $138,000 after purchasing an additional 1,134 shares in the last quarter. 62.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ACI opened at $30.11 on Monday. The company has a market cap of $14.07 billion, a P/E ratio of 10.64, a PEG ratio of 1.82 and a beta of 0.30. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.46 and a current ratio of 1.00. Albertsons Companies has a one year low of $18.51 and a one year high of $37.99. The business’s 50-day simple moving average is $33.62 and its 200 day simple moving average is $31.94.

Albertsons Companies (NYSE:ACIGet Rating) last announced its earnings results on Tuesday, April 12th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $16.85 billion. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Analysts predict that Albertsons Companies will post 2.7 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 10th. Shareholders of record on Tuesday, April 26th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, April 25th. Albertsons Companies’s payout ratio is 16.96%.

Albertsons Companies Company Profile (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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