Albertsons Companies (NYSE:ACI) Price Target Lowered to $22.00 at Evercore ISI

Albertsons Companies (NYSE:ACI) had its price objective lowered by Evercore ISI from $23.00 to $22.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other research firms have also issued reports on ACI. Royal Bank of Canada reissued an outperform rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 13th. Roth Mkm increased their target price on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. Telsey Advisory Group reissued a market perform rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, January 4th. Finally, Tigress Financial restated a buy rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $24.85.

Albertsons Companies Trading Down 0.1 %

ACI stock opened at $20.21 on Tuesday. The company’s 50-day simple moving average is $20.97 and its 200-day simple moving average is $21.71. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. Albertsons Companies has a 52-week low of $19.88 and a 52-week high of $23.88. The firm has a market cap of $11.64 billion, a P/E ratio of 8.64, a PEG ratio of 0.96 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. Albertsons Companies’s dividend payout ratio (DPR) is presently 20.51%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Albertsons Companies in the 4th quarter valued at about $312,510,000. BlackRock Inc. raised its holdings in Albertsons Companies by 99.6% in the 2nd quarter. BlackRock Inc. now owns 15,729,051 shares of the company’s stock valued at $343,208,000 after acquiring an additional 7,848,362 shares during the last quarter. Vanguard Group Inc. raised its holdings in Albertsons Companies by 95.1% in the 3rd quarter. Vanguard Group Inc. now owns 15,614,698 shares of the company’s stock valued at $388,181,000 after acquiring an additional 7,613,034 shares during the last quarter. State Street Corp raised its holdings in Albertsons Companies by 108.9% in the 2nd quarter. State Street Corp now owns 6,658,159 shares of the company’s stock valued at $145,281,000 after acquiring an additional 3,470,188 shares during the last quarter. Finally, Westchester Capital Management LLC acquired a new stake in Albertsons Companies in the 3rd quarter valued at about $64,739,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

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.