Weiss Ratings Reiterates "Hold (C)" Rating for Albertsons Companies (NYSE:ACI)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Albertsons Companies (NYSE: ACI) amidst mixed analyst sentiments.
• Albertsons has reported a quarterly earnings per share (EPS) of $0.55, beating expectations and showcasing a revenue increase of 2.5% year-over-year.
• Institutional investors own 71.35% of Albertsons' stock, with significant stakes added by hedge funds recently, indicating strong institutional interest.

Albertsons Companies (NYSE:ACI - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently commented on ACI. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. Wells Fargo & Company cut their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday. Royal Bank Of Canada cut their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Finally, Roth Capital restated 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. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.81.

Albertsons Companies Price Performance

NYSE ACI traded up $0.13 on Wednesday, reaching $17.32. 2,033,781 shares of the company's stock traded hands, compared to its average volume of 6,064,901. Albertsons Companies has a 12 month low of $16.70 and a 12 month 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 50-day simple moving average of $18.75 and a 200 day simple moving average of $20.60. The stock has a market cap of $9.69 billion, a PE ratio of 10.55, a P/E/G ratio of 1.72 and a beta of 0.49.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $24.68 billion. During the same period last year, the business earned $0.66 earnings per share. The business's quarterly revenue was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, research analysts predict that Albertsons Companies will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Albertsons Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Albertsons Companies in the 2nd quarter worth about $320,613,000. AQR Capital Management LLC raised its position in shares of Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company's stock worth $103,807,000 after purchasing an additional 4,451,250 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Albertsons Companies in the 2nd quarter worth about $81,463,000. Voya Investment Management LLC raised its position in shares of Albertsons Companies by 6,541.5% in the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company's stock worth $81,882,000 after purchasing an additional 3,667,550 shares during the last quarter. Finally, Sound Shore Management Inc CT purchased a new position in shares of Albertsons Companies in the 2nd quarter worth about $65,530,000. Hedge funds and other 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.

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