Albertsons Companies, Inc. (NYSE:ACI) Stock Has Consensus Price Target of $13.42 According to Analysts

Albertsons Companies, Inc. (NYSE:ACI) has received a consensus recommendation of “Reduce” from the sixteen analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.42.

Several equities research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Albertsons Companies from $17.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, July 24th. UBS Group reaffirmed a “neutral” rating on shares of Albertsons Companies in a research note on Wednesday, October 14th. BMO Capital Markets downgraded Albertsons Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $23.00 to $12.00 in a research report on Friday, July 24th. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Royal Bank Of Canada lifted their target price on Albertsons Companies from $13.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th.

Institutional Trading of Albertsons Companies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Albertsons Companies by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock valued at $255,855,000 after acquiring an additional 1,583,741 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Albertsons Companies by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,179,432 shares of the company’s stock worth $88,258,000 after purchasing an additional 430,101 shares in the last quarter. Bank of America Corp DE lifted its stake in Albertsons Companies by 43.8% in the first quarter. Bank of America Corp DE now owns 1,899,233 shares of the company’s stock valued at $32,363,000 after acquiring an additional 578,401 shares during the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Albertsons Companies by 14.0% in the second quarter. E. Ohman J or Asset Management AB now owns 2,321,294 shares of the company’s stock valued at $31,407,000 after purchasing an additional 285,280 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Albertsons Companies by 53.4% in the second quarter. Squarepoint Ops LLC now owns 2,209,622 shares of the company’s stock valued at $29,896,000 after acquiring an additional 769,503 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

NYSE:ACI opened at $13.08 on Wednesday. The stock has a market capitalization of $6.15 billion, a PE ratio of -118.91, a price-to-earnings-growth ratio of 2.23 and a beta of 0.38. Albertsons Companies has a 52 week low of $10.86 and a 52 week high of $18.83. The stock’s 50-day moving average price is $12.48 and its 200-day moving average price is $14.96. The company has a quick ratio of 0.21, a current ratio of 0.82 and a debt-to-equity ratio of 5.89.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, October 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Albertsons Companies had a negative net margin of 0.06% and a positive return on equity of 52.17%. The business had revenue of $18.89 billion during the quarter, compared to analyst estimates of $18.87 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts expect that Albertsons Companies will post 1.65 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.17 per share. The ex-dividend date is Friday, October 23rd. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Albertsons Companies’s dividend payout ratio (DPR) is -618.18%.

Albertsons Companies Company Profile

Albertsons Companies, Inc is a U.S. food and drug retailer that operates supermarkets, pharmacies, fuel centers and e-commerce businesses. Its stores offer fresh food, groceries, meat and seafood, bakery and deli items, household products, health and beauty products, and prepared meals.

The company operates through a portfolio of regional and national banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, Pavilions, United Supermarkets, Market Street, Amigos, Carrs, Haggen, Star Market and Kings Food Markets.