Brokerages Set Albertsons Companies, Inc. (NYSE:ACI) Target Price at $23.94

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 an average rating of "Moderate Buy" from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $23.9375.

Several research analysts have weighed in on the stock. Telsey Advisory Group restated an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, July 16th. Roth Capital restated a "buy" rating and set a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. BMO Capital Markets upgraded 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. JPMorgan Chase & Co. initiated coverage on shares of Albertsons Companies in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price target on the stock. Finally, Barclays initiated coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price target on the stock.

Institutional Trading of Albertsons Companies

Several large investors have recently modified their holdings of ACI. Orion Porfolio Solutions LLC boosted its position in Albertsons Companies by 4.9% during the second quarter. Orion Porfolio Solutions LLC now owns 22,357 shares of the company's stock worth $481,000 after acquiring an additional 1,047 shares during the last quarter. Corient Private Wealth LLC boosted its position in Albertsons Companies by 2.0% during the second quarter. Corient Private Wealth LLC now owns 161,104 shares of the company's stock worth $3,465,000 after acquiring an additional 3,224 shares during the last quarter. Vident Advisory LLC boosted its position in Albertsons Companies by 34.8% during the second quarter. Vident Advisory LLC now owns 15,462 shares of the company's stock worth $333,000 after acquiring an additional 3,991 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Albertsons Companies by 1,728.3% during the second quarter. Smartleaf Asset Management LLC now owns 6,582 shares of the company's stock worth $139,000 after acquiring an additional 6,222 shares during the last quarter. Finally, Snowden Capital Advisors LLC acquired a new stake in Albertsons Companies during the second quarter worth approximately $251,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

ACI traded up $0.03 on Friday, hitting $19.29. 3,439,465 shares of the company were exchanged, compared to its average volume of 5,077,267. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. The business's fifty day moving average is $20.27 and its 200 day moving average is $21.09. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The firm has a market capitalization of $10.80 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.51.

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

Albertsons Companies Dividend Announcement

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