Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.45.
A number of research firms recently weighed in on ACI. Roth Mkm upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, April 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Royal Bank of Canada decreased their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 23rd. Finally, Roth Capital raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, April 23rd.
View Our Latest Stock Report on ACI
Institutional Inflows and Outflows
Albertsons Companies Trading Up 1.9 %
NYSE ACI opened at $20.86 on Monday. Albertsons Companies has a 12 month low of $19.25 and a 12 month high of $23.88. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. The stock has a 50 day moving average of $19.86 and a 200-day moving average of $20.46. The company has a market cap of $12.08 billion, a PE ratio of 9.35, a PEG ratio of 1.09 and a beta of 0.49.
Albertsons Companies (NYSE:ACI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $24.27 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. On average, equities research analysts anticipate that Albertsons Companies will post 2.26 EPS for the current fiscal year.
Albertsons Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s dividend payout ratio is 21.52%.
About Albertsons Companies
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.
Read More
- Five stocks we like better than Albertsons Companies
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- This Small Cap Wealth Management Stock Could Provide Big Returns
- Technology Stocks Explained: Here’s What to Know About Tech
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- What is the S&P 500 and How It is Distinct from Other Indexes
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.