Royal Bank Of Canada Lowers Albertsons Companies (NYSE:ACI) Price Target to $21.00

Albertsons Companies (NYSE:ACI) had its price target decreased by Royal Bank Of Canada from $23.00 to $21.00 in a report released on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Tigress Financial restated a “buy” rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. began coverage on Albertsons Companies in a research report on Wednesday, August 20th. They set an “overweight” rating and a $27.00 price target on the stock. Wall Street Zen lowered Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Roth Capital restated a “buy” rating and set a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.81.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $17.38 on Friday. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.78 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.20. The stock’s 50-day moving average is $18.86 and its 200 day moving average is $20.66.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $24.88 billion for the quarter, compared to analysts’ expectations of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.Albertsons Companies’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, sell-side analysts anticipate that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, July 25th. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

Institutional Investors Weigh In On Albertsons Companies

A number of large investors have recently made changes to their positions in the business. Peddock Capital Advisors LLC lifted its holdings in shares of Albertsons Companies by 1.9% in the 2nd quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock valued at $571,000 after buying an additional 504 shares during the period. Mason Investment Advisory Services Inc. increased its stake in shares of Albertsons Companies by 0.7% in the 2nd quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock valued at $1,690,000 after purchasing an additional 524 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Albertsons Companies by 3.4% in the 2nd quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock valued at $384,000 after purchasing an additional 592 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Albertsons Companies by 0.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock valued at $1,791,000 after purchasing an additional 623 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Albertsons Companies by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock valued at $78,000 after purchasing an additional 627 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.