Albertsons Companies (NYSE:ACI) Price Target Lowered to $22.00 at Evercore ISI

Albertsons Companies (NYSE:ACI) had its price target cut by Evercore ISI from $23.00 to $22.00 in a research note released on Tuesday, Benzinga reports. They currently have an in-line rating on the stock.

ACI has been the topic of a number of other reports. Telsey Advisory Group reissued a market perform rating and issued a $27.25 price target on shares of Albertsons Companies in a research report on Thursday, January 4th. Royal Bank of Canada reissued an outperform rating and issued a $24.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 13th. Roth Mkm boosted their price target on Albertsons Companies from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Wednesday, January 10th. Finally, Tigress Financial reissued a buy rating and issued a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $24.85.

Albertsons Companies Stock Down 0.1 %

Shares of NYSE:ACI opened at $20.21 on Tuesday. Albertsons Companies has a 1 year low of $19.88 and a 1 year high of $23.88. The company has a market cap of $11.64 billion, a PE ratio of 8.64, a P/E/G ratio of 0.96 and a beta of 0.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. The stock’s 50-day moving average is $20.97 and its 200 day moving average is $21.71.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.38%. Albertsons Companies’s dividend payout ratio (DPR) is presently 20.51%.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACI. Neuberger Berman Group LLC raised its stake in Albertsons Companies by 5.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 9,453 shares of the company’s stock valued at $235,000 after buying an additional 492 shares during the last quarter. Peddock Capital Advisors LLC raised its stake in Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock valued at $538,000 after buying an additional 500 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Albertsons Companies by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock valued at $2,455,000 after buying an additional 519 shares during the last quarter. Verus Capital Partners LLC raised its stake in Albertsons Companies by 3.7% during the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock valued at $341,000 after buying an additional 540 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Albertsons Companies by 1.9% during the 3rd quarter. Sei Investments Co. now owns 31,692 shares of the company’s stock valued at $721,000 after buying an additional 578 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

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.