JPMorgan Chase & Co. Has Lowered Expectations for Albertsons Companies (NYSE:ACI) Stock Price

Albertsons Companies (NYSE:ACI) had its price objective lowered by analysts at JPMorgan Chase & Co. from $22.00 to $20.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 50.21% from the stock’s previous close.

ACI has been the topic of several other reports. UBS Group lowered their price objective on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings cut Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Wells Fargo & Company lowered their price target on Albertsons Companies from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Albertsons Companies in a research note on Monday, April 6th. Finally, Citigroup decreased their price objective on Albertsons Companies from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.54.

Albertsons Companies Trading Down 1.2%

ACI stock traded down $0.15 during mid-day trading on Tuesday, reaching $13.31. 2,168,141 shares of the stock traded hands, compared to its average volume of 7,314,959. Albertsons Companies has a 52-week low of $13.16 and a 52-week high of $22.78. The stock’s fifty day moving average is $15.73 and its 200-day moving average is $16.78. The company has a market cap of $6.52 billion, a P/E ratio of 41.52, a P/E/G ratio of 1.55 and a beta of 0.40. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 4.58.

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

Institutional Investors Weigh In On Albertsons Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in Albertsons Companies by 103.5% during the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Albertsons Companies by 185.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after buying an additional 1,057 shares during the last quarter. NBC Securities Inc. lifted its stake in shares of Albertsons Companies by 91.2% in the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after buying an additional 885 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Albertsons Companies by 172.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after buying an additional 1,306 shares during the period. Finally, Elevation Wealth Partners LLC bought a new stake in shares of Albertsons Companies during the 4th quarter worth $46,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.