Stocks of Albertsons Companies Inc (NYSE:ACI) traded higher last session on Wall Street, up 0.66% to $19.91.
ACI stock price is now 2.06% away from the 50-day moving average and 1.44% away from the 200-day moving average. The market capitalization of the company currently stands at $11.54B.
On December 17, 2024, Telsey Advisory Group Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $21 to quote $26, while ‘BofA Securities’ rates the stock as ‘Neutral’
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 $1.0 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 $7.27 million. A total of 27.50% of the company’s stock is owned by insiders.
During the past 12 months, Albertsons Companies Inc has had a low of $17.00 and a high of $21.92. As of last week, the company has a debt-to-equity ratio of 4.22, a current ratio of 0.93, and a quick ratio of 0.21. The fifty day moving average price for ACI is $19.509 and a two-hundred day moving average price translates $19.6266 for the stock.
The latest earnings results from Albertsons Companies Inc (NYSE: ACI) was released for 2024-09-07. The net profit margin was 1.30% and return on equity was 35.20% for ACI. The company reported revenue of $18.55 billion for the quarter, compared to $18.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.43 percent.