Shares of Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.54.
Several equities research analysts have recently commented on the stock. Melius Research assumed coverage on shares of Albertsons Companies in a research report on Monday, September 23rd. They set a “hold” rating and a $19.00 price target for the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Friday.
Check Out Our Latest Report on ACI
Institutional Trading of Albertsons Companies
Albertsons Companies Stock Performance
ACI stock opened at $18.27 on Tuesday. The company has a 50 day moving average price of $19.20 and a 200 day moving average price of $19.89. Albertsons Companies has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21. The stock has a market capitalization of $10.58 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48.
Albertsons Companies (NYSE:ACI – Get Free Report) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $24.27 billion for the quarter, compared to the consensus estimate of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Analysts forecast that Albertsons Companies will post 2.25 EPS for the current year.
Albertsons Companies Company Profile
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.
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