Albertsons Companies (NYSE:ACI) Stock Rating Lowered by Wall Street Zen

Key Points

• Albertsons Companies' stock rating was downgraded by Wall Street Zen from "buy" to "hold," amidst mixed analyst opinions and varying target prices.
• The company recently reported quarterly earnings of $0.55 EPS, beating estimates, with a revenue increase of 2.5% compared to the same quarter last year.
• Institutional investors hold 71.35% of Albertsons' stock, indicating strong institutional support and interest in the company.

Albertsons Companies (NYSE:ACI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Monday.

Several other research analysts also recently commented on the stock. Tigress Financial reiterated a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a report on Tuesday, July 8th. JPMorgan Chase & Co. initiated coverage on Albertsons Companies in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price target on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, July 16th. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.94.

Albertsons Companies Stock Up 0.1%

ACI opened at $18.74 on Monday. The business has a 50 day moving average price of $19.89 and a 200 day moving average price of $21.01. Albertsons Companies has a twelve month low of $17.00 and a twelve month high of $23.20. 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 firm has a market cap of $10.49 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.91 and a beta of 0.51.

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

Institutional Trading of Albertsons Companies

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Albertsons Companies during the first quarter worth about $1,420,000. Bessemer Group Inc. acquired a new stake in shares of Albertsons Companies in the first quarter valued at approximately $40,000. Atlas Capital Advisors Inc. boosted its stake in shares of Albertsons Companies by 241.6% during the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock worth $509,000 after acquiring an additional 16,375 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Albertsons Companies during the 1st quarter worth approximately $323,000. Finally, Teacher Retirement System of Texas bought a new stake in Albertsons Companies in the 1st quarter valued at $1,329,000. 71.35% of the stock is currently owned by institutional investors.

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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