Albertsons Companies (NYSE:ACI) Price Target Cut to $18.00 by Analysts at Wells Fargo & Company

Albertsons Companies (NYSE:ACIGet Free Report) had its price objective lowered by equities researchers at Wells Fargo & Company from $21.00 to $18.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 31.24% from the company’s previous close.

ACI has been the topic of a number of other reports. Weiss Ratings lowered shares of Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. UBS Group lowered their price target on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Citigroup dropped their price target on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Albertsons Companies in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Albertsons Companies has an average rating of “Hold” and a consensus price target of $21.08.

Check Out Our Latest Stock Analysis on ACI

Albertsons Companies Stock Up 0.9%

Shares of NYSE ACI opened at $13.71 on Monday. The business has a 50-day moving average price of $15.79 and a 200 day moving average price of $16.81. The stock has a market cap of $6.72 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. Albertsons Companies has a 52-week low of $13.31 and a 52-week high of $22.78.

Albertsons Companies (NYSE:ACIGet Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $20.25 billion for the quarter, compared to analyst estimates of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Equities research analysts forecast that Albertsons Companies will post 2.11 earnings per share for the current year.

Institutional Trading of Albertsons Companies

Several large investors have recently bought and sold shares of ACI. Norges Bank purchased a new position in Albertsons Companies in the fourth quarter valued at about $388,089,000. Vanguard Group Inc. boosted its stake in Albertsons Companies by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after acquiring an additional 5,110,777 shares during the period. Strategic Global Advisors LLC bought a new position in shares of Albertsons Companies during the fourth quarter valued at approximately $2,858,000. Private Management Group Inc. raised its position in shares of Albertsons Companies by 8.4% during the 3rd quarter. Private Management Group Inc. now owns 2,360,714 shares of the company’s stock worth $41,336,000 after purchasing an additional 182,638 shares during the period. Finally, South Dakota Investment Council bought a new stake in shares of Albertsons Companies in the 3rd quarter worth approximately $1,658,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Company Profile

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Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.

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Analyst Recommendations for Albertsons Companies (NYSE:ACI)

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