Albertsons Companies (NYSE:ACI) Price Target Lowered to $22.00 at Royal Bank of Canada

Albertsons Companies (NYSE:ACI) had its target price reduced by Royal Bank of Canada from $23.00 to $22.00 in a research report report published on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on ACI. Evercore ISI dropped their price target on Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a research note on Tuesday, April 16th. Roth Mkm lifted their price target on Albertsons Companies from $23.00 to $24.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. Telsey Advisory Group reaffirmed a market perform rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Wednesday, April 17th. Finally, Tigress Financial reaffirmed a buy rating and set a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $24.45.

Albertsons Companies Price Performance

NYSE:ACI opened at $19.92 on Tuesday. The business’s 50-day moving average price is $20.85 and its 200 day moving average price is $21.61. The firm has a market cap of $11.50 billion, a P/E ratio of 8.93, a PEG ratio of 0.96 and a beta of 0.50. Albertsons Companies has a 52-week low of $19.84 and a 52-week high of $23.88. The company has a quick ratio of 0.19, a current ratio of 0.84 and a debt-to-equity ratio of 2.83.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.41%. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Hedge Funds Weigh In On Albertsons Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. acquired a new stake in shares of Albertsons Companies during the 3rd quarter valued at about $28,000. Blue Trust Inc. lifted its holdings in shares of Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after buying an additional 1,051 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Albertsons Companies during the 3rd quarter valued at about $52,000. Principal Securities Inc. acquired a new stake in shares of Albertsons Companies during the 4th quarter valued at about $62,000. Finally, CI Investments Inc. lifted its holdings in shares of Albertsons Companies by 21.8% during the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock valued at $99,000 after buying an additional 783 shares during the last quarter. Hedge funds and other institutional investors 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.