Albertsons Companies (NYSE:ACI) Given New $22.00 Price Target at UBS Group

Albertsons Companies (NYSE:ACI - Free Report) had its target price cut by UBS Group from $24.00 to $22.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently commented on ACI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Thursday, April 3rd. Citigroup began coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Evercore ISI upped their target price on Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.36.

Albertsons Companies Stock Up 1.4 %

Shares of ACI stock traded up $0.31 on Wednesday, hitting $22.02. The stock had a trading volume of 2,903,044 shares, compared to its average volume of 4,312,456. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $23.20. The business has a 50 day moving average of $21.19 and a 200 day moving average of $19.99.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same period in the previous year, the business posted $0.54 EPS. As a group, analysts expect that Albertsons Companies will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.72%. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

Institutional Investors Weigh In On Albertsons Companies

Several hedge funds have recently bought and sold shares of ACI. Eagle Bay Advisors LLC boosted its stake in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after acquiring an additional 959 shares during the period. WealthCollab LLC lifted its stake in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after buying an additional 1,483 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.