Evercore ISI Increases Albertsons Companies (NYSE:ACI) Price Target to $19.00

Albertsons Companies (NYSE:ACI) had its target price lifted by Evercore ISI from $18.00 to $19.00 in a report issued on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

Several other analysts have also recently issued reports on ACI. Tigress Financial restated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. BMO Capital Markets decreased their price target on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Friday, October 11th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.25.

Albertsons Companies Stock Down 0.9 %

Shares of NYSE:ACI opened at $19.13 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. The business has a fifty day moving average of $18.83 and a two-hundred day moving average of $19.45. The stock has a market cap of $11.08 billion, a P/E ratio of 11.19, a PEG ratio of 1.13 and a beta of 0.51. Albertsons Companies has a 52-week low of $17.80 and a 52-week high of $23.47.

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

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.51%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is 28.07%.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in Albertsons Companies by 88.1% during the 3rd quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after acquiring an additional 7,887,688 shares in the last quarter. Geode Capital Management LLC raised its position in Albertsons Companies by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock valued at $167,229,000 after purchasing an additional 592,711 shares in the last quarter. State Street Corp raised its position in Albertsons Companies by 1.7% in the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company’s stock valued at $159,213,000 after purchasing an additional 141,933 shares in the last quarter. Parsifal Capital Management LP raised its position in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after purchasing an additional 1,585,899 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after purchasing an additional 1,239,978 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

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.