Albertsons Companies (NYSE:ACI) Lowered to “Hold” Rating by Wall Street Zen

Albertsons Companies (NYSE:ACI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

ACI has been the topic of several other research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Wednesday, July 16th. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. started coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They set an “overweight” rating and a $27.00 price objective on the stock. Barclays started coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 price objective on the stock. Finally, Roth Capital reissued a “buy” rating and set a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.94.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $18.45 on Monday. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The company’s 50-day moving average is $19.73 and its 200 day moving average is $20.97. The stock has a market capitalization of $10.33 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.88 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The company had revenue of $24.88 billion for the quarter, compared to analysts’ expectations of $24.68 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. Albertsons Companies’s quarterly revenue was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, sell-side analysts expect that Albertsons Companies will post 2.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. West Oak Capital LLC bought a new position in Albertsons Companies in the second quarter worth approximately $30,000. SVB Wealth LLC bought a new position in Albertsons Companies in the first quarter worth approximately $32,000. Allworth Financial LP increased its stake in shares of Albertsons Companies by 98.4% in the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after purchasing an additional 844 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies in the first quarter worth $40,000. Finally, GAMMA Investing LLC increased its stake in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after purchasing an additional 1,483 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

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.