Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) shares hit a new 52-week low on Wednesday after Royal Bank of Canada lowered their price target on the stock from $23.00 to $22.00. Royal Bank of Canada currently has an outperform rating on the stock. Albertsons Companies traded as low as $19.84 and last traded at $20.09, with a volume of 2130921 shares changing hands. The stock had previously closed at $20.32.
ACI has been the subject of several other research reports. Evercore ISI lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Tigress Financial reissued a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Mkm upped their target price on Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.45.
View Our Latest Analysis on Albertsons Companies
Institutional Investors Weigh In On Albertsons Companies
Albertsons Companies Stock Down 0.7 %
The business has a 50 day moving average of $20.85 and a 200 day moving average of $21.61. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.19. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50.
Albertsons Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.41%. Albertsons Companies’s payout ratio is 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.
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