Albertsons Companies, Inc. (NYSE:ACI) Receives $21.58 Consensus PT from Analysts
by Teresa Graham · The Cerbat GemShares of Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) have earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.5833.
A number of equities analysts recently commented on the stock. Morgan Stanley reiterated an “underweight” rating and set a $14.00 target price (down from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. BMO Capital Markets decreased their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a research note on Tuesday, January 27th. Wells Fargo & Company decreased their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Barclays decreased their price objective on shares of Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th.
Check Out Our Latest Analysis on Albertsons Companies
Insider Transactions at Albertsons Companies
In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total value of $863,870.00. Following the completion of the transaction, the executive vice president owned 289,429 shares in the company, valued at $5,102,633.27. This represents a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Albertsons Companies
Several large investors have recently bought and sold shares of ACI. Norges Bank acquired a new position in Albertsons Companies in the fourth quarter valued at $388,089,000. Morgan Stanley boosted its stake in Albertsons Companies by 101.0% in the fourth quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock valued at $200,678,000 after acquiring an additional 5,873,759 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Albertsons Companies by 62.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,429,784 shares of the company’s stock valued at $230,595,000 after acquiring an additional 5,159,905 shares in the last quarter. Vanguard Group Inc. boosted its stake in Albertsons Companies by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after acquiring an additional 5,110,777 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Albertsons Companies by 113.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,749,331 shares of the company’s stock valued at $81,546,000 after acquiring an additional 2,519,432 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.
Albertsons Companies Stock Performance
Shares of ACI stock opened at $16.87 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 3.36. The firm has a fifty day moving average price of $17.56 and a 200 day moving average price of $17.60. The company has a market cap of $8.67 billion, a P/E ratio of 10.88, a PEG ratio of 0.49 and a beta of 0.45. Albertsons Companies has a 12 month low of $15.80 and a 12 month high of $22.78.
About Albertsons Companies
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.