JPMorgan Chase & Co. Cuts Albertsons Companies (NYSE:ACI) Price Target to $20.00

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

ACI has been the topic of several other research 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 note on Wednesday, April 15th. Citigroup reduced their price target on shares of Albertsons Companies from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings downgraded 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 reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Albertsons Companies in a research report on Monday, April 6th. Finally, Wells Fargo & Company reduced their target price on shares of Albertsons Companies from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.54.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.15 during trading hours on Tuesday, hitting $13.31. 2,168,141 shares of the company’s stock were exchanged, compared to its average volume of 7,314,959. Albertsons Companies has a 1-year low of $13.16 and a 1-year high of $22.78. The company has a debt-to-equity ratio of 4.58, a current ratio of 0.86 and a quick ratio of 0.20. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 1.55 and a beta of 0.40. The company’s 50-day moving average price is $15.73 and its 200-day moving average price is $16.78.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share 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 the consensus estimate of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. On average, sell-side analysts expect that Albertsons Companies will post 2.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.