The price of Albertsons Companies Inc (NYSE:ACI) shares last traded on Wall Street rose 2.65% to $21.71.
ACI stock price is now 2.52% away from the 50-day moving average and 9.53% away from the 200-day moving average. The market capitalization of the company currently stands at $12.58B.
With the price target reduced from $26 to $24, Telsey Advisory Group maintained Outperform rating for Albertsons Companies Inc (NYSE: ACI). , while ‘Citigroup’ rates the stock as ‘Buy’
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 $1.09 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 $7.93 million. A total of 27.68% 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 $23.20. As of last week, the company has a debt-to-equity ratio of 4.19, a current ratio of 0.90, and a quick ratio of 0.22. The fifty day moving average price for ACI is $21.176 and a two-hundred day moving average price translates $19.8212 for the stock.
The latest earnings results from Albertsons Companies Inc (NYSE: ACI) was released for 2025-02-22. The net profit margin was 1.19% and return on equity was 31.26% for ACI. The company reported revenue of $18.8 billion for the quarter, compared to $18.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.51 percent.
