Telsey Advisory Group Issues Pessimistic Forecast for Albertsons Companies (NYSE:ACI) Stock Price

Albertsons Companies (NYSE:ACI) had its target price cut by Telsey Advisory Group from $27.25 to $21.00 in a research report report published on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley reduced their price objective on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday. Tigress Financial reiterated a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Evercore ISI boosted their price target on Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada lowered their price target on Albertsons Companies from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.09.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $19.50 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. Albertsons Companies has a 52 week low of $17.00 and a 52 week high of $23.47. The firm’s 50 day moving average is $18.87 and its two-hundred day moving average is $19.38. The firm has a market capitalization of $11.30 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the firm earned $0.60 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Research analysts forecast that Albertsons Companies will post 2.13 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. Albertsons Companies’s dividend payout ratio (DPR) is 28.07%.

Institutional Trading of Albertsons Companies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC raised its stake in Albertsons Companies by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after purchasing an additional 544 shares during the last quarter. Verus Capital Partners LLC boosted its stake in shares of Albertsons Companies by 3.6% during the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after purchasing an additional 565 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Albertsons Companies by 4.9% during the third quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock worth $357,000 after buying an additional 895 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Albertsons Companies by 1.6% in the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after buying an additional 933 shares during the last quarter. Finally, MRP Capital Investments LLC lifted its stake in shares of Albertsons Companies by 2.7% during the second quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock valued at $890,000 after buying an additional 1,185 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

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.