Albertsons Companies, Inc. (NYSE:ACI) Receives $24.85 Consensus Price Target from Analysts

Albertsons Companies, Inc. (NYSE:ACI) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.85.

A number of equities research analysts have weighed in on ACI shares. Roth Mkm boosted their target price on shares of Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Wednesday. Tigress Financial reiterated a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 13th. Finally, Evercore ISI decreased their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday.

Albertsons Companies Price Performance

ACI stock opened at $20.46 on Tuesday. The firm has a 50 day moving average price of $20.93 and a 200-day moving average price of $21.69. Albertsons Companies has a 52-week low of $19.88 and a 52-week high of $23.88. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.95 and a beta of 0.50. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is currently 20.51%.

Institutional Trading of Albertsons Companies

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Albertsons Companies by 195.6% during the 1st quarter. JPMorgan Chase & Co. now owns 244,265 shares of the company’s stock valued at $8,122,000 after buying an additional 161,634 shares in the last quarter. Raymond James & Associates raised its position in shares of Albertsons Companies by 4.4% during the 1st quarter. Raymond James & Associates now owns 33,937 shares of the company’s stock valued at $1,128,000 after buying an additional 1,435 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Albertsons Companies by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,023,813 shares of the company’s stock valued at $34,043,000 after buying an additional 63,822 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Albertsons Companies by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,808 shares of the company’s stock valued at $293,000 after buying an additional 1,360 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Albertsons Companies during the 1st quarter valued at about $207,000. Hedge funds and other 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.