Albertsons Companies (NYSE:ACI) Price Target Cut to $17.00 by Analysts at Citigroup

Albertsons Companies (NYSE:ACI) had its target price cut by investment analysts at Citigroup from $22.00 to $17.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 25.00% from the stock’s current price.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings lowered shares of Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Albertsons Companies in a research report on Monday, April 6th. Wells Fargo & Company reduced their target price on shares of Albertsons Companies from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, UBS Group decreased their target price on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.69.

Albertsons Companies Price Performance

Shares of Albertsons Companies stock traded up $0.01 on Monday, hitting $13.60. 841,177 shares of the company were exchanged, compared to its average volume of 7,290,900. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. The company has a 50-day moving average price of $15.79 and a 200 day moving average price of $16.81. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. Albertsons Companies has a 1-year low of $13.31 and a 1-year high of $22.78.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. As a group, sell-side analysts predict that Albertsons Companies will post 2.11 earnings per share for the current fiscal year.

Institutional Trading of Albertsons Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Albertsons Companies in the fourth quarter valued at $388,089,000. Morgan Stanley lifted its stake in Albertsons Companies by 101.0% during the 4th quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock worth $200,678,000 after acquiring an additional 5,873,759 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Albertsons Companies by 62.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,429,784 shares of the company’s stock valued at $230,595,000 after acquiring an additional 5,159,905 shares during the period. Vanguard Group Inc. boosted its holdings in Albertsons Companies by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after acquiring an additional 5,110,777 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Albertsons Companies by 113.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,749,331 shares of the company’s stock valued at $81,546,000 after acquiring an additional 2,519,432 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

About Albertsons Companies

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.