Albertsons Companies (NYSE:ACI) Price Target Lowered to $18.00 at Wells Fargo & Company

Albertsons Companies (NYSE:ACI) had its target price reduced by research analysts at Wells Fargo & Company from $21.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 31.24% from the company’s current price.

ACI has been the topic of several other reports. Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. UBS Group cut their price target on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Citigroup decreased their price objective on shares of Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price target on shares of Albertsons Companies in a research report on Monday, April 6th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.08.

Albertsons Companies Price Performance

NYSE:ACI opened at $13.71 on Monday. The company has a debt-to-equity ratio of 4.58, a current ratio of 0.86 and a quick ratio of 0.20. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The company has a 50 day moving average price of $15.79 and a 200-day moving average price of $16.81. Albertsons Companies has a 1-year low of $13.31 and a 1-year high of $22.78.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $20.49 billion. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Equities research analysts forecast that Albertsons Companies will post 2.11 EPS for the current year.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds have recently added to or reduced their stakes in the stock. Twin Capital Management Inc. boosted its holdings in shares of Albertsons Companies by 1.7% in the 1st quarter. Twin Capital Management Inc. now owns 43,912 shares of the company’s stock valued at $748,000 after buying an additional 721 shares in the last quarter. Bank of Nova Scotia grew its position in shares of Albertsons Companies by 5.4% in the 2nd quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock valued at $302,000 after buying an additional 723 shares during the last quarter. CWM LLC raised its stake in Albertsons Companies by 103.5% during the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 730 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Albertsons Companies by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,326 shares of the company’s stock worth $126,000 after acquiring an additional 774 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in Albertsons Companies by 91.2% in the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock valued at $32,000 after acquiring an additional 885 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.