Albertsons Companies (ACI) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albertsons Companies in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ACI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACI, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued 1 year price objectives for Albertsons Companies' stock. Their ACI share price forecasts range from $21.00 to $28.00. On average, they expect the company's stock price to reach $25.03 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts price targets for ACI or view top-rated stocks among Wall Street analysts.

Albertsons Companies' stock was trading at $20.74 at the beginning of 2023. Since then, ACI shares have increased by 11.9% and is now trading at $23.21.
View the best growth stocks for 2023 here.

Albertsons Companies saw a increase in short interest in August. As of August 31st, there was short interest totaling 16,580,000 shares, an increase of 6.6% from the August 15th total of 15,560,000 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 5.0% of the company's stock are short sold.
View Albertsons Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our ACI earnings forecast.

Albertsons Companies, Inc. (NYSE:ACI) announced its earnings results on Tuesday, July, 25th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $24.05 billion for the quarter, compared to analysts' expectations of $23.89 billion. Albertsons Companies had a trailing twelve-month return on equity of 82.79% and a net margin of 1.85%.

Albertsons Companies declared a quarterly dividend on Thursday, July 13th. Shareholders of record on Wednesday, July 26th will be given a dividend of $0.12 per share on Thursday, August 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, July 25th.
Read our dividend analysis for ACI.

ETFs with the largest weight of Albertsons Companies (NYSE:ACI) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), First Trust Consumer Staples AlphaDEX Fund (FXG), ProShares Merger ETF (MRGR), AltShares Merger Arbitrage ETF (ARB), Renaissance IPO ETF (IPO), iShares Factors US Growth Style ETF (STLG) and Global X Guru Index ETF (GURU).

Albertsons Companies (NYSE:ACI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.07%. The dividend payout ratio is 23.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ACI will have a dividend payout ratio of 17.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ACI.

1 employees have rated Albertsons Companies Chief Executive Officer Paul Lang on Glassdoor.com. Paul Lang has an approval rating of 100% among the company's employees. This puts Paul Lang in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Albertsons Companies investors own include NVIDIA (NVDA), Verizon Communications (VZ), Pfizer (PFE), QUALCOMM (QCOM), Boeing (BA), Johnson & Johnson (JNJ), Tesla (TSLA), CVS Health (CVS), AT&T (T) and Advanced Micro Devices (AMD).

(ACI) raised $1.3 billion in an IPO on Friday, June 26th 2020. The company issued 65,800,000 shares at a price of $18.00-$20.00 per share. BofA Securities, Goldman Sachs, J.P. Morgan and Citigroup served as the underwriters for the IPO and Credit Suisse, Morgan Stanley, Wells Fargo Securities, Barclays, Deutsche Bank Securities, BMO Capital Markets, Evercore ISI, Guggenheim Securities, Oppenheimer, RBC Capital Markets, Telsey Advisory Group, MUFG, Academy Securities, Blaylock Van, Drexel Hamilton, Loop Capital Markets, Penserra Securities, Ramirez, Stern and Tigress Financial Partners were co-managers.

Albertsons Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACI."

Albertsons Companies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (2.73%), State Street Corp (1.16%), Segantii Capital Management Ltd (0.92%), Renaissance Technologies LLC (0.72%), LSV Asset Management (0.67%) and Geode Capital Management LLC (0.66%). Insiders that own company stock include Anuj Dhanda, Evan Rainwater, Omer Gajial, Realty Corp Kimco, Robert Bruce Larson and Susan Morris.
View institutional ownership trends.

Shares of ACI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACI stock can currently be purchased for approximately $23.21.

Albertsons Companies (NYSE:ACI) has a market capitalization of $13.36 billion and generates $77.65 billion in revenue each year. The company earns $1.51 billion in net income (profit) each year or $2.05 on an earnings per share basis.

The company employs 290,000 workers across the globe.

Albertsons Companies' mailing address is 250 PARKCENTER BLVD., BOISE ID, 83706. The official website for the company is www.albertsonscompanies.com. The company can be reached via phone at 208-395-6200 or via email at investor-relations@albertsons.com.