Albertsons Companies Inc (NYSE:ACI) shares traded -0.32% lower at $18.50 on Wall Street last session.
ACI stock price is now -4.97% away from the 50-day moving average and -10.03% away from the 200-day moving average. The market capitalization of the company currently stands at $10.71B.
With the price target maintained at $24, ROTH MKM recently Upgraded its rating from Neutral to Buy for Albertsons Companies Inc (NYSE: ACI). On April 26, 2023, Tigress Financial Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $32 to quote $27, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Larson Robert Bruce, SVP & Chief Accounting Officer sold 24,362 shares of the company’s stock on May 01 ’24. The stock was sold for $493,087 at an average price of $20.24. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 50,241 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Chief Tech &Transformation Off DHANDA ANUJ sold 100,000 shares of the business’s stock. A total of $2,035,000 was realized by selling the stock at an average price of $20.35. This leaves the insider owning 365,297 shares of the company worth $6.76 million. A total of 27.51% of the company’s stock is owned by insiders.
During the past 12 months, Albertsons Companies Inc has had a low of $17.80 and a high of $23.47. As of last week, the company has a debt-to-equity ratio of 4.85, a current ratio of 0.88, and a quick ratio of 0.21. According to the stock market information, the enterprise value for the company is $24543574016, which is based on a 9.61 price-to-earnings ratio, a 1.20 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for ACI is $19.4334 and a two-hundred day moving average price translates $20.54115 for the stock.
The latest earnings results from Albertsons Companies Inc (NYSE: ACI) was released for 2024-06-15. The net profit margin was 1.41% and return on equity was 45.57% for ACI. The company reported revenue of $24.27 billion for the quarter, compared to $24.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.89 percent.
