Albertsons Companies (NYSE:ACI) Price Target Cut to $21.00 by Analysts at Royal Bank Of Canada

Key Points

• Analysts at Royal Bank Of Canada have reduced their price target for Albertsons Companies from $23.00 to $21.00, while maintaining an "outperform" rating that indicates a potential upside of 20.59% from the current price.
• The stock currently has an average rating of "Moderate Buy", with analysts projecting a consensus price target of $23.81 based on the views of eleven "Buy," five "Hold," and one "Sell" ratings.
• Albertsons Companies recently reported earnings showing $0.55 EPS, exceeding analysts' expectations, while also achieving a revenue of $24.88 billion for the quarter, marking a 2.5% increase year-over-year.

Albertsons Companies (NYSE:ACI - Get Free Report) had its price target reduced by investment analysts at Royal Bank Of Canada from $23.00 to $21.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 20.59% from the company's current price.

A number of other brokerages have also recently commented on ACI. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 target price for the company. Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Barclays started coverage on shares of Albertsons Companies in a report on Monday, July 21st. They set an "underweight" rating and a $19.00 price target for the company. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. Finally, Tigress Financial reissued a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Albertsons Companies presently has an average rating of "Moderate Buy" and a consensus price target of $23.81.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.07 on Friday, reaching $17.42. The company's stock had a trading volume of 537,560 shares, compared to its average volume of 6,034,990. The stock's 50-day moving average is $18.91 and its two-hundred day moving average is $20.69. Albertsons Companies has a 52-week low of $17.00 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The stock has a market capitalization of $9.75 billion, a P/E ratio of 10.61, a PEG ratio of 1.78 and a beta of 0.49.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The business's revenue 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 forecast that Albertsons Companies will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACI. Wealth Enhancement Advisory Services LLC grew its position in Albertsons Companies by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 82,386 shares of the company's stock worth $1,618,000 after buying an additional 6,211 shares during the period. GAMMA Investing LLC grew its position in shares of Albertsons Companies by 9,578.7% in the first quarter. GAMMA Investing LLC now owns 42,199 shares of the company's stock valued at $928,000 after purchasing an additional 41,763 shares during the last quarter. Rhumbline Advisers grew its position in shares of Albertsons Companies by 156.6% in the first quarter. Rhumbline Advisers now owns 1,193,031 shares of the company's stock valued at $26,235,000 after purchasing an additional 728,068 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Albertsons Companies in the first quarter valued at approximately $456,000. Finally, E. Ohman J or Asset Management AB grew its position in shares of Albertsons Companies by 4,768.6% in the first quarter. E. Ohman J or Asset Management AB now owns 774,100 shares of the company's stock valued at $17,022,000 after purchasing an additional 758,200 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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