Albertsons Companies, Inc. (NYSE:ACI) Given Consensus Rating of “Hold” by Analysts

Shares of Albertsons Companies, Inc. (NYSE:ACI) have been given an average rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $24.85.

A number of research firms have recently weighed in on ACI. Tigress Financial reaffirmed a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $24.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 13th. Roth Mkm raised their price objective on shares of 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 restated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, January 4th. Finally, Evercore ISI dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday.

Institutional Investors Weigh In On Albertsons Companies

A number of large investors have recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Albertsons Companies during the third quarter valued at approximately $28,000. Blue Trust Inc. increased its holdings in shares of Albertsons Companies by 255.1% during 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 in the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Albertsons Companies in the 4th quarter valued at $45,000. UniSuper Management Pty Ltd acquired a new stake in Albertsons Companies during the second quarter valued at $46,000. Finally, Fortis Capital Advisors LLC purchased a new position in Albertsons Companies in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Albertsons Companies stock traded down $0.01 during mid-day trading on Tuesday, reaching $20.23. 639,270 shares of the stock traded hands, compared to its average volume of 3,487,749. The stock has a market capitalization of $11.65 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. The business’s 50-day moving average is $20.99 and its 200-day moving average is $21.73. Albertsons Companies has a 12-month low of $19.88 and a 12-month high of $23.88.

Albertsons Companies Dividend Announcement

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 given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is 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.