Albertsons Companies, Inc. (NYSE:ACI) Receives Consensus Rating of “Hold” from Brokerages

Albertsons Companies, Inc. (NYSE:ACI) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $25.03.

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Wednesday, July 26th.

Albertsons Companies Trading Down 0.0 %

NYSE:ACI opened at $22.08 on Friday. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.78 and a quick ratio of 0.16. The firm has a 50-day moving average of $21.81 and a 200-day moving average of $20.98. The company has a market cap of $12.71 billion, a PE ratio of 10.77, a PEG ratio of 1.02 and a beta of 0.57. Albertsons Companies has a one year low of $19.14 and a one year high of $30.17.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, July 25th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $24.05 billion for the quarter, compared to analysts’ expectations of $23.89 billion. Albertsons Companies had a return on equity of 82.79% and a net margin of 1.85%. As a group, equities research analysts expect that Albertsons Companies will post 2.71 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Wednesday, July 26th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. Albertsons Companies’s dividend payout ratio (DPR) is presently 23.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Shipley& Co Ltd purchased a new stake in shares of Albertsons Companies during the 2nd quarter worth approximately $1,182,000. Alamar Capital Management LLC grew its holdings in Albertsons Companies by 6.3% during the second quarter. Alamar Capital Management LLC now owns 94,975 shares of the company’s stock valued at $2,072,000 after purchasing an additional 5,641 shares during the period. Rehmann Capital Advisory Group increased its position in Albertsons Companies by 30.1% in the second quarter. Rehmann Capital Advisory Group now owns 14,996 shares of the company’s stock worth $327,000 after buying an additional 3,471 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new stake in shares of Albertsons Companies in the second quarter valued at $731,000. Finally, Comerica Bank purchased a new position in shares of Albertsons Companies during the 2nd quarter valued at $11,694,000. 68.29% of the stock is currently owned by hedge funds and other institutional investors.

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.