Analysts Set Albertsons Companies, Inc. (NYSE:ACI) PT at $23.58

Albertsons Companies, Inc. (NYSE:ACI) has received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.25.

ACI has been the topic of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Tigress Financial restated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Monday, October 21st. Evercore ISI lifted their price target on shares of Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Tuesday. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Finally, Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st.

Albertsons Companies Stock Down 0.6 %

Shares of NYSE ACI opened at $19.33 on Wednesday. Albertsons Companies has a 1 year low of $17.80 and a 1 year high of $23.47. The firm has a 50-day simple moving average of $18.78 and a two-hundred day simple moving average of $19.47. The company has a market cap of $11.20 billion, a P/E ratio of 11.30, a PEG ratio of 1.14 and a beta of 0.51. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. Albertsons Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. Research analysts anticipate that Albertsons Companies will post 2.13 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after buying an additional 7,887,688 shares during the last quarter. Geode Capital Management LLC lifted its position in Albertsons Companies by 7.0% during the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock valued at $167,229,000 after acquiring an additional 592,711 shares during the last quarter. State Street Corp lifted its position in Albertsons Companies by 1.7% during the third quarter. State Street Corp now owns 8,615,413 shares of the company’s stock valued at $159,213,000 after acquiring an additional 141,933 shares during the last quarter. Parsifal Capital Management LP boosted its stake in Albertsons Companies by 22.8% in the third quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after acquiring an additional 1,585,899 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Albertsons Companies by 25.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after purchasing an additional 1,239,978 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

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.