Albertsons Companies, Inc. (NYSE:ACI) Receives $23.38 Average Price Target from Brokerages

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.38.

Several equities research analysts have commented on the stock. Evercore ISI dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a research report on Wednesday, April 16th. The Goldman Sachs Group reissued a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Citigroup assumed coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price objective on the stock. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th.

Albertsons Companies Trading Up 0.3 %

ACI traded up $0.07 during mid-day trading on Friday, hitting $22.05. The stock had a trading volume of 1,066,624 shares, compared to its average volume of 4,405,580. The stock's fifty day simple moving average is $21.40 and its 200-day simple moving average is $20.18. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same period last year, the firm posted $0.54 earnings per share. As a group, research analysts forecast 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 will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's payout ratio is presently 36.59%.

Institutional Trading of Albertsons Companies

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Albertsons Companies during the 4th quarter valued at $298,302,000. FMR LLC grew its holdings in Albertsons Companies by 55.3% during the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock worth $513,596,000 after purchasing an additional 9,308,940 shares during the period. Southeastern Asset Management Inc. TN grew its stake in shares of Albertsons Companies by 108.0% in the fourth quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after acquiring an additional 2,993,988 shares in the last quarter. Dendur Capital LP acquired a new position in Albertsons Companies during the fourth quarter valued at approximately $49,100,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after acquiring an additional 2,347,875 shares in the last quarter. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Company Profile

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.