Stocks of Albertsons Companies Inc (NYSE:ACI) traded higher last session on Wall Street, down -0.33% to $20.86.
ACI stock price is now -0.93% away from the 50-day moving average and -4.84% away from the 200-day moving average. The market capitalization of the company currently stands at $12.02B.
With the price target reduced from $32 to $27, Tigress Financial Upgraded its rating from Neutral to Buy for Albertsons Companies Inc (NYSE: ACI). On December 06, 2022, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $26, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Larson Robert Bruce, Chief Accounting Officer sold 32,544 shares of the company’s stock on Apr 27 ’23. The stock was sold for $681,797 at an average price of $20.95. Upon completion of the transaction, the Chief Accounting Officer now directly owns 50,241 shares in the company, valued at $1.05 million. A total of 42.17% of the company’s stock is owned by insiders.
During the past 12 months, Albertsons Companies Inc has had a low of $19.88 and a high of $23.88. As of last week, the company has a debt-to-equity ratio of 5.83, a current ratio of 0.85, and a quick ratio of 0.19. According to the stock market information, the enterprise value for the company is $26.56B, which is based on a 9.01 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for ACI is $21.04 and a two-hundred day moving average price translates $21.92 for the stock.
The latest earnings results from Albertsons Companies Inc (NYSE: ACI) was released for Dec, 2023. According to the Grocery Stores Company, earnings per share came in at $0.79, beating analysts’ expectations of $0.66 by 0.13. This compares to $0.70 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 81.08% for ACI. The company reported revenue of $18.56 billion for the quarter, compared to $18.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.22 percent. For the current quarter, analysts expect ACI to generate $18.47B in revenue.
