Analysts Set Albertsons Companies, Inc. (NYSE:ACI) PT at $24.45

Albertsons Companies, Inc. (NYSE:ACI) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $24.45.

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Thursday, July 18th.

Albertsons Companies Trading Down 1.6 %

Shares of ACI stock opened at $18.55 on Friday. The firm has a market cap of $10.74 billion, a P/E ratio of 8.32, a PEG ratio of 1.02 and a beta of 0.49. Albertsons Companies has a 1-year low of $17.80 and a 1-year high of $23.62. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21. The firm’s 50-day simple moving average is $19.76 and its 200-day simple moving average is $20.22.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $24.27 billion for the quarter, compared to analysts’ expectations of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. As a group, equities analysts forecast that Albertsons Companies will post 2.26 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is 21.52%.

Institutional Trading of Albertsons Companies

Several large investors have recently bought and sold shares of ACI. Verus Capital Partners LLC boosted its stake in shares of Albertsons Companies by 3.6% during the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock valued at $322,000 after buying an additional 565 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Albertsons Companies by 1.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after buying an additional 864 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Albertsons Companies by 1.6% during the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after buying an additional 933 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after buying an additional 1,121 shares during the last quarter. Finally, Symmetry Partners LLC boosted its stake in shares of Albertsons Companies by 11.9% during the 1st quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock valued at $232,000 after buying an additional 1,149 shares during the last quarter. 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.