Albertsons Companies (NYSE:ACI) Given New $19.00 Price Target at Evercore ISI

Albertsons Companies (NYSE:ACI) had its target price hoisted by Evercore ISI from $18.00 to $19.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, October 21st. Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, October 21st. BMO Capital Markets cut their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Albertsons Companies Price Performance

Shares of ACI stock opened at $19.33 on Tuesday. Albertsons Companies has a 12-month low of $17.80 and a 12-month high of $23.47. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. The firm has a fifty day moving average of $18.78 and a 200-day moving average of $19.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Albertsons Companies will post 2.13 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. Albertsons Companies’s dividend payout ratio is presently 28.07%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock worth $240,000 after purchasing an additional 544 shares during the last quarter. Verus Capital Partners LLC grew its stake in Albertsons Companies by 3.6% in the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock valued at $322,000 after buying an additional 565 shares during the last quarter. CIBC Asset Management Inc grew its stake in Albertsons Companies by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock valued at $357,000 after buying an additional 895 shares during the last quarter. AQR Capital Management LLC grew its stake in Albertsons Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after buying an additional 933 shares during the last quarter. Finally, MRP Capital Investments LLC grew its stake in Albertsons Companies by 2.7% in the 2nd quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock valued at $890,000 after buying an additional 1,185 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

About Albertsons Companies

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.