Brokerages Set Albertsons Companies, Inc. (NYSE:ACI) Target Price at $24.45

Shares of Albertsons Companies, Inc. (NYSE:ACI) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.45.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ACI. Verus Capital Partners LLC boosted its position in Albertsons Companies by 3.6% in 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 period. Oppenheimer & Co. Inc. boosted its holdings in Albertsons Companies by 1.7% in the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after purchasing an additional 864 shares during the period. AQR Capital Management LLC grew its stake in Albertsons Companies by 1.6% during the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock worth $1,198,000 after purchasing an additional 933 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock worth $1,093,000 after purchasing an additional 1,121 shares during the period. Finally, Symmetry Partners LLC boosted its stake in shares of Albertsons Companies by 11.9% in 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 period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

NYSE ACI opened at $19.06 on Friday. The stock has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $20.23. 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 market cap of $11.04 billion, a PE ratio of 8.55, a P/E/G ratio of 1.02 and a beta of 0.49. Albertsons Companies has a twelve month low of $17.80 and a twelve month high of $23.77.

Albertsons Companies (NYSE:ACI) last announced its earnings results 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). Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company had revenue of $24.27 billion for the quarter, compared to analysts’ expectations of $24.16 billion. During the same period last year, the business earned $0.89 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Albertsons Companies will post 2.26 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. Albertsons Companies’s dividend payout ratio is presently 21.52%.

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.