Albertsons Companies, Inc. (NYSE:ACI) Receives $23.94 Average Price Target from Brokerages

Key Points

• Albertsons Companies, Inc. has received a consensus rating of "Moderate Buy" from 17 analysts, with an average 12-month price target of $23.94.
• The company reported a 2.5% year-over-year growth in revenue, with a quarterly EPS of $0.55, beating estimates of $0.54.
• Albertsons recently declared a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 3.1%.

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.9375.

A number of research firms recently commented on ACI. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and upped their price target for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Tigress Financial reissued a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th. Barclays started coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 price target for the company. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Wednesday, July 16th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. West Oak Capital LLC bought a new position in Albertsons Companies in the 2nd quarter worth $30,000. SVB Wealth LLC bought a new position in Albertsons Companies in the 1st quarter worth $32,000. Allworth Financial LP raised its holdings in Albertsons Companies by 98.4% in the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company's stock worth $37,000 after purchasing an additional 844 shares in the last quarter. Bessemer Group Inc. bought a new position in Albertsons Companies in the 1st quarter worth $40,000. Finally, GAMMA Investing LLC raised its holdings in Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Trading Up 1.0%

Shares of ACI traded up $0.20 during mid-day trading on Friday, reaching $19.46. The company's stock had a trading volume of 4,528,832 shares, compared to its average volume of 5,352,472. The stock has a market cap of $10.89 billion, a PE ratio of 11.86, a P/E/G ratio of 1.98 and a beta of 0.46. 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 52 week low of $17.00 and a 52 week high of $23.20. The company's fifty day moving average price is $20.41 and its two-hundred day moving average price is $21.12.

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

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.1%. Albertsons Companies's dividend payout ratio is presently 36.59%.

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.