Citigroup Issues Pessimistic Forecast for Albertsons Companies (NYSE:ACI) Stock Price

Albertsons Companies (NYSE:ACI) had its price objective reduced by equities researchers at Citigroup from $22.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 25.00% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price target on shares of Albertsons Companies in a report on Monday, April 6th. Wells Fargo & Company lowered their price objective on Albertsons Companies from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group dropped their price objective on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.69.

Albertsons Companies Stock Up 0.1%

Albertsons Companies stock traded up $0.01 during mid-day trading on Monday, reaching $13.60. 841,177 shares of the company’s stock 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. Albertsons Companies has a twelve month low of $13.31 and a twelve month high of $22.78. The company has a market cap of $6.66 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.55 and a beta of 0.40. The company has a fifty day moving average of $15.79 and a 200-day moving average of $16.81.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ACI. Twin Capital Management Inc. lifted its holdings in shares of Albertsons Companies by 1.7% during the first quarter. Twin Capital Management Inc. now owns 43,912 shares of the company’s stock worth $748,000 after purchasing an additional 721 shares during the period. Bank of Nova Scotia increased its stake in Albertsons Companies by 5.4% in the 2nd quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock valued at $302,000 after buying an additional 723 shares during the period. CWM LLC increased its stake in Albertsons Companies by 103.5% in the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 730 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Albertsons Companies by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,326 shares of the company’s stock worth $126,000 after buying an additional 774 shares during the last quarter. Finally, NBC Securities Inc. raised its position in Albertsons Companies by 91.2% during the 4th 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. Institutional investors and hedge funds 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.