Albertsons Companies (NYSE:ACI) Lifted to Buy at Roth Mkm

Roth Mkm upgraded shares of Albertsons Companies (NYSE:ACI) from a neutral rating to a buy rating in a research report released on Tuesday morning, Marketbeat reports. They currently have $24.00 price objective on the stock.

Several other brokerages also recently commented on ACI. Evercore ISI lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a research report on Tuesday, April 16th. Tigress Financial restated a buy rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Royal Bank of Canada lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an outperform rating for the company in a research report on Tuesday. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $24.45.

Albertsons Companies Stock Up 0.4 %

Shares of ACI opened at $20.32 on Tuesday. Albertsons Companies has a one year low of $19.88 and a one year high of $23.88. The company has a market cap of $11.71 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.96 and a beta of 0.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. The firm has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $21.62.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. Albertsons Companies’s payout ratio is presently 20.51%.

Institutional Trading of Albertsons Companies

Institutional investors have recently modified their holdings of the business. NBC Securities Inc. bought a new stake in shares of Albertsons Companies in the third quarter worth $28,000. Blue Trust Inc. grew its stake in shares of Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,051 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Albertsons Companies in the third quarter worth $52,000. Principal Securities Inc. bought a new stake in shares of Albertsons Companies in the fourth quarter worth $62,000. Finally, CI Investments Inc. grew its stake in shares of Albertsons Companies by 21.8% in the third quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock worth $99,000 after purchasing an additional 783 shares during the last quarter. Institutional investors 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.