Albertsons Companies, Inc. (NYSE:ACI) Receives $24.85 Average Target Price from Analysts

Shares of Albertsons Companies, Inc. (NYSE:ACI) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.85.

A number of analysts have recently commented on ACI shares. Roth Mkm boosted their price objective on Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research report on Wednesday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 13th. Tigress Financial reiterated a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Finally, Evercore ISI dropped their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th.

Institutional Trading of Albertsons Companies

Several large investors have recently added to or reduced their stakes in ACI. NBC Securities Inc. purchased a new stake in Albertsons Companies in the 3rd quarter valued at $28,000. Blue Trust Inc. lifted its stake in shares of Albertsons Companies by 255.1% in the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,051 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Albertsons Companies in the 3rd quarter valued at $52,000. Principal Securities Inc. acquired a new position in shares of Albertsons Companies in the 4th quarter valued at $62,000. Finally, CI Investments Inc. lifted its stake in shares of Albertsons Companies by 21.8% in the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock valued at $99,000 after purchasing an additional 783 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Down 0.5 %

Albertsons Companies stock opened at $20.24 on Tuesday. The stock has a market capitalization of $11.66 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88. The business has a 50 day simple moving average of $20.90 and a 200-day simple moving average of $21.64. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s payout ratio is currently 20.51%.

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.