Albertsons Companies (NYSE:ACI) Given New $23.00 Price Target at Wells Fargo & Company

Albertsons Companies (NYSE:ACI) had its price target decreased by Wells Fargo & Company from $27.00 to $23.00 in a research report report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on ACI. UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Tigress Financial reissued a “buy” rating and set a $28.00 price objective on shares of Albertsons Companies in a research report on Tuesday, July 8th. Roth Capital reissued a “buy” rating and set a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Albertsons Companies in a report on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price target for the company. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.81.

Albertsons Companies Price Performance

NYSE ACI opened at $17.20 on Tuesday. Albertsons Companies has a twelve month low of $16.70 and a twelve month high of $23.20. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. The stock has a market capitalization of $9.63 billion, a PE ratio of 10.49, a P/E/G ratio of 1.72 and a beta of 0.49. The stock has a 50-day simple moving average of $18.75 and a 200 day simple moving average of $20.60.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The business had revenue of $24.88 billion during the quarter, compared to analysts’ expectations of $24.68 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Research analysts anticipate that Albertsons Companies will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, July 25th. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Institutional Investors Weigh In On Albertsons Companies

Several large investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its stake in shares of Albertsons Companies by 1.9% in the 2nd quarter. Corient Private Wealth LLC now owns 160,900 shares of the company’s stock valued at $3,461,000 after purchasing an additional 3,020 shares during the period. National Wealth Management Group LLC grew its position in Albertsons Companies by 8.7% during the 2nd quarter. National Wealth Management Group LLC now owns 21,506 shares of the company’s stock worth $463,000 after acquiring an additional 1,723 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Albertsons Companies by 34.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 344,848 shares of the company’s stock worth $7,418,000 after acquiring an additional 89,281 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Albertsons Companies by 4.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 22,357 shares of the company’s stock worth $481,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Vident Advisory LLC grew its position in Albertsons Companies by 34.8% during the 2nd quarter. Vident Advisory LLC now owns 15,462 shares of the company’s stock worth $333,000 after acquiring an additional 3,991 shares during the last quarter. 71.35% of the stock is currently owned by 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.