Evercore ISI Lowers Albertsons Companies (NYSE:ACI) Price Target to $20.00

Albertsons Companies (NYSE:ACI) had its price target reduced by stock analysts at Evercore ISI from $21.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 15.74% from the stock’s previous close.

A number of other research firms also recently issued reports on ACI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Bank of America decreased their price target on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Wells Fargo & Company lowered their price target on Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada decreased their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.69.

Albertsons Companies Price Performance

NYSE ACI opened at $17.28 on Tuesday. The firm’s 50 day moving average is $17.95 and its 200-day moving average is $19.08. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $9.49 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 2.80 and a beta of 0.49. Albertsons Companies has a 12-month low of $16.55 and a 12-month high of $23.20.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The business had revenue of $18.92 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities research analysts anticipate that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the sale, the executive vice president owned 338,429 shares in the company, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the sale, the insider directly owned 300,577 shares of the company’s stock, valued at $5,786,107.25. This represents a 43.35% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by insiders.

Institutional Trading of Albertsons Companies

Several hedge funds and other institutional investors have recently modified their holdings of ACI. American Century Companies Inc. raised its holdings in Albertsons Companies by 1,773.9% in the 1st quarter. American Century Companies Inc. now owns 511,543 shares of the company’s stock valued at $11,249,000 after acquiring an additional 484,244 shares during the period. Cresset Asset Management LLC grew its position in shares of Albertsons Companies by 19.5% in the first quarter. Cresset Asset Management LLC now owns 12,079 shares of the company’s stock valued at $266,000 after purchasing an additional 1,969 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Albertsons Companies by 48.9% in the first quarter. Wellington Management Group LLP now owns 527,982 shares of the company’s stock valued at $11,610,000 after purchasing an additional 173,492 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Albertsons Companies by 18.9% during the first quarter. Hsbc Holdings PLC now owns 240,944 shares of the company’s stock worth $5,293,000 after purchasing an additional 38,314 shares during the period. Finally, Allstate Corp lifted its holdings in Albertsons Companies by 86.5% during the 1st quarter. Allstate Corp now owns 22,458 shares of the company’s stock worth $494,000 after purchasing an additional 10,414 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

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.