The price of Albertsons Companies Inc. (NYSE:ACI) shares last traded on Wall Street fell -0.38% to $23.34.
Based on available information, 17 analysts follow Albertsons Companies Inc. (NYSE:ACI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $27.25 and a low of $21.00, we find $25.00. Given the previous closing price of $23.43, this indicates a potential upside of 6.7 percent. ACI stock price is now 5.01% away from the 50-day moving average and 10.33% away from the 200-day moving average. The market capitalization of the company currently stands at $13.41B.
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Among analysts, 12 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $24.90 as their price target over the next twelve months.
With the price target reduced from $32 to $27, Tigress Financial Upgraded its rating from Neutral to Buy for Albertsons Companies Inc. (NYSE: ACI).
In other news, Larson Robert Bruce, Chief Accounting Officer sold 32,544 shares of the company’s stock on Apr 27. 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 $1.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 25, EVP, Pharmacy & Health Gajial Omer sold 36,000 shares of the business’s stock. A total of $757,800 was realized by selling the stock at an average price of $21.05. This leaves the insider owning 25,140 shares of the company worth $0.59 million. Insiders disposed of 116,269,215 shares of company stock worth roughly $2.71 billion over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACI stock. A new stake in Albertsons Companies Inc. shares was purchased by ARES MANAGEMENT LLC during the first quarter worth $240,728,000. PSQUARED ASSET MANAGEMENT AG invested $81,142,000 in shares of ACI during the first quarter. In the first quarter, NOMURA HOLDINGS INC acquired a new stake in Albertsons Companies Inc. valued at approximately $64,972,000. TIG ADVISORS, LLC acquired a new stake in ACI for approximately $40,246,000. NEKTON CAPITAL LTD. purchased a new stake in ACI valued at around $31,093,000 in the second quarter. In total, there are 1 active investors with 68.40% ownership of the company’s stock.
A candlestick chart of Albertsons Companies Inc. (NYSE: ACI) showed a price of $23.45 on Tuesday morning. During the past 12 months, Albertsons Companies Inc. has had a low of $18.28 and a high of $23.88. As of last week, the company has a debt-to-equity ratio of 4.20, a current ratio of 0.80, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $27.74B, which is based on a 10.63 price-to-earnings ratio, a 1.33 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for ACI is $22.25 and a two-hundred day moving average price translates $21.17 for the stock.
The latest earnings results from Albertsons Companies Inc. (NYSE: ACI) was released for Jun, 2023. According to the Grocery Stores Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.85 by 0.08. This compares to $0.84 EPS in the same period last year. The company reported revenue of $24.05 billion for the quarter, compared to $23.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.17 percent. For the current quarter, analysts expect ACI to generate $18.28B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/10/2023. Investors who held shares on 07/26/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 2.06% percent yield. There was an ex-dividend date of 07/25/2023 for this dividend. In terms of dividend payout ratio, ACI is presently at 21.08%.
