Albertsons Companies (ACI) – Analysts’ Weekly Ratings Changes

Albertsons Companies (NYSE: ACI) recently received a number of ratings updates from brokerages and research firms:

• 12/17/2024 – Albertsons Companies had its price target raised by analysts at Royal Bank of Canada from $21.00 to $22.00. They now have an “outperform” rating on the stock.
• 12/17/2024 – Albertsons Companies was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $26.00 price target on the stock, up previously from $21.00.
• 12/17/2024 – Albertsons Companies had its price target lowered by analysts at UBS Group AG from $27.00 to $24.00. They now have a “neutral” rating on the stock.
• 12/13/2024 – Albertsons Companies is now covered by analysts at Bank of America Co.. They set a “neutral” rating and a $22.00 price target on the stock.
• 12/12/2024 – Albertsons Companies had its price target lowered by analysts at Telsey Advisory Group from $27.25 to $21.00. They now have a “market perform” rating on the stock.
• 12/11/2024 – Albertsons Companies had its price target lowered by analysts at Royal Bank of Canada from $22.00 to $21.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Albertsons Companies had its price target lowered by analysts at Morgan Stanley from $24.00 to $19.00. They now have an “equal weight” rating on the stock.
• 12/3/2024 – Albertsons Companies had its price target raised by analysts at Evercore ISI from $18.00 to $19.00. They now have an “in-line” rating on the stock.

Albertsons Companies Stock Performance

Shares of NYSE ACI remained flat at $19.63 during midday trading on Wednesday. 1,722,329 shares of the stock traded hands, compared to its average volume of 3,341,366. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company’s 50 day simple moving average is $19.06 and its two-hundred day simple moving average is $19.33. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.47. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58.

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

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is presently 28.07%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACI. Private Advisor Group LLC boosted its stake in Albertsons Companies by 4.4% during the third quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock worth $240,000 after acquiring an additional 544 shares in the last quarter. Verus Capital Partners LLC boosted its position in shares of Albertsons Companies by 3.6% in the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after purchasing an additional 565 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Albertsons Companies by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock worth $357,000 after buying an additional 895 shares during the last quarter. AQR Capital Management LLC increased its position in Albertsons Companies by 1.6% during 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 in the last quarter. Finally, MRP Capital Investments LLC raised its stake in Albertsons Companies by 2.7% during the second 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.

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.