Albertsons Companies, Inc. (NYSE:ACI) Stock Has Consensus Price Target of $13.42 According to Analysts

Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) has been assigned an average recommendation of “Reduce” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.42.

A number of research firms recently commented on ACI. Wells Fargo & Company raised their price objective on shares of Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. UBS Group reaffirmed a “neutral” rating on shares of Albertsons Companies in a research report on Wednesday, October 14th. The Goldman Sachs Group cut Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Thursday, October 15th. Finally, Bank of America downgraded Albertsons Companies from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Wednesday, October 14th.

Get Our Latest Analysis on Albertsons Companies

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $13.08 on Wednesday. Albertsons Companies has a one year low of $10.86 and a one year high of $18.83. The stock has a fifty day moving average of $12.48 and a 200-day moving average of $14.96. The company has a market capitalization of $6.15 billion, a PE ratio of -118.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.21 and a current ratio of 0.82.

Albertsons Companies (NYSE:ACI – Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $18.89 billion during the quarter, compared to analyst estimates of $18.87 billion. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. As a group, equities analysts anticipate that Albertsons Companies will post 1.65 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 23rd. Albertsons Companies’s dividend payout ratio is currently -618.18%.

Hedge Funds Weigh In On Albertsons Companies

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Albertsons Companies by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock worth $255,855,000 after purchasing an additional 1,583,741 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Albertsons Companies by 53.4% in the second quarter. Squarepoint Ops LLC now owns 2,209,622 shares of the company’s stock worth $29,896,000 after buying an additional 769,503 shares during the last quarter. Bank of America Corp DE increased its holdings in Albertsons Companies by 43.8% in the first quarter. Bank of America Corp DE now owns 1,899,233 shares of the company’s stock worth $32,363,000 after buying an additional 578,401 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Albertsons Companies by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,179,432 shares of the company’s stock valued at $88,258,000 after acquiring an additional 430,101 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Albertsons Companies in the first quarter valued at approximately $5,069,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Company Profile

(Get Free Report)

Albertsons Companies, Inc is a U.S. food and drug retailer that operates supermarkets, pharmacies, fuel centers and e-commerce businesses. Its stores offer fresh food, groceries, meat and seafood, bakery and deli items, household products, health and beauty products, and prepared meals.

The company operates through a portfolio of regional and national banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, Pavilions, United Supermarkets, Market Street, Amigos, Carrs, Haggen, Star Market and Kings Food Markets.

See Also

Analyst Recommendations for Albertsons Companies (NYSE:ACI)

Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.