Wells Fargo & Company Has Lowered Expectations for Albertsons Companies (NYSE:ACI) Stock Price

Key Points

• Wells Fargo & Company has lowered its price target for Albertsons Companies from $27.00 to $23.00 while maintaining an "overweight" rating on the stock, indicating a potential upside of 37.40%.
• Albertsons Companies has received mixed ratings from analysts, with twelve giving it a Buy rating and others providing Hold or Sell ratings, resulting in an average rating of "Moderate Buy."
• The company's recent earnings results showed a 2.5% increase in revenue year-over-year, outperforming analysts' consensus estimates with an EPS of $0.55.

Albertsons Companies (NYSE:ACI - Get Free Report) had its price objective cut by investment analysts at Wells Fargo & Company from $27.00 to $23.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 37.40% from the stock's previous close.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price objective for the company. Barclays assumed coverage on Albertsons Companies in a research note on Monday, July 21st. They issued an "underweight" rating and a $19.00 target price on the stock. Tigress Financial reissued a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Telsey Advisory Group reiterated an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a research note on Thursday, October 2nd. Finally, Roth Capital restated a "buy" rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.81.

Albertsons Companies Trading Down 0.4%

ACI stock opened at $16.74 on Tuesday. Albertsons Companies has a twelve month low of $16.75 and a twelve month high of $23.20. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.78 and a beta of 0.49. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The firm's fifty day simple moving average is $18.80 and its two-hundred day simple moving average is $20.62.

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

Hedge Funds Weigh In On Albertsons Companies

Several institutional investors and hedge funds have recently modified their holdings of the stock. West Oak Capital LLC purchased a new position in Albertsons Companies in the second quarter valued at $30,000. SVB Wealth LLC acquired a new position in Albertsons Companies in the 1st quarter worth about $32,000. Allworth Financial LP boosted its position in Albertsons Companies by 98.4% during the second quarter. Allworth Financial LP now owns 1,702 shares of the company's stock worth $37,000 after purchasing an additional 844 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Albertsons Companies in the first quarter valued at approximately $40,000. Finally, GAMMA Investing LLC raised its stake 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 worth $42,000 after buying an additional 1,483 shares during the period. Institutional investors and hedge funds 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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