UBS Group Cuts Albertsons Companies (NYSE:ACI) Price Target to $24.00

Albertsons Companies (NYSE:ACI) had its target price reduced by UBS Group from $27.00 to $24.00 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

ACI has been the subject of a number of other research reports. Telsey Advisory Group upgraded Albertsons Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $21.00 to $26.00 in a research note on Tuesday. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, October 21st. Tigress Financial reiterated a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a report on Monday, October 21st. Royal Bank of Canada lifted their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Melius Research upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.75.

Albertsons Companies Stock Performance

NYSE:ACI opened at $19.41 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. Albertsons Companies has a twelve month low of $17.00 and a twelve month high of $23.47. The company has a fifty day moving average of $18.96 and a 200-day moving average of $19.36. The firm has a market capitalization of $11.25 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Albertsons Companies will post 2.13 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.47%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s dividend payout ratio is currently 28.07%.

Institutional Trading of Albertsons Companies

Several large investors have recently added to or reduced their stakes in ACI. Private Advisor Group LLC grew its position in shares of Albertsons Companies by 4.4% during the third quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock worth $240,000 after purchasing an additional 544 shares in the last quarter. Verus Capital Partners LLC increased its position in shares of Albertsons Companies by 3.6% during the second quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after acquiring an additional 565 shares during the period. CIBC Asset Management Inc grew its position in shares of Albertsons Companies by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock worth $357,000 after buying an additional 895 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Albertsons Companies by 1.6% during the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after purchasing an additional 933 shares in the last quarter. Finally, MRP Capital Investments LLC lifted its stake in shares of Albertsons Companies by 2.7% during the 2nd quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock worth $890,000 after purchasing an additional 1,185 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

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.