Albertsons Companies (NYSE:ACI) Lifted to “Buy” at Roth Mkm

Roth Mkm upgraded shares of Albertsons Companies (NYSE:ACI) from a neutral rating to a buy rating in a report issued on Tuesday, MarketBeat Ratings reports. Roth Mkm currently has $24.00 price target on the stock.

Other equities analysts have also issued reports about the company. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a report on Tuesday, April 16th. Telsey Advisory Group reissued a market perform rating and set a $27.25 price objective on shares of Albertsons Companies in a report on Wednesday, April 17th. Royal Bank of Canada reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an outperform rating for the company in a report on Tuesday. Finally, Tigress Financial reissued a buy rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies currently has an average rating of Moderate Buy and a consensus price target of $24.45.

Albertsons Companies Stock Performance

Shares of ACI opened at $19.92 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.19 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.96 and a beta of 0.50. The stock has a 50 day moving average of $20.85 and a 200 day moving average of $21.61. Albertsons Companies has a 12 month low of $19.84 and a 12 month high of $23.88.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s payout ratio is currently 21.52%.

Hedge Funds Weigh In On Albertsons Companies

A number of large investors have recently made changes to their positions in ACI. National Bank of Canada FI boosted its holdings in shares of Albertsons Companies by 33.0% in the third quarter. National Bank of Canada FI now owns 5,494 shares of the company’s stock worth $124,000 after acquiring an additional 1,362 shares during the period. DnB Asset Management AS boosted its holdings in shares of Albertsons Companies by 15.7% in the third quarter. DnB Asset Management AS now owns 43,192 shares of the company’s stock worth $983,000 after acquiring an additional 5,871 shares during the period. SG Americas Securities LLC bought a new position in shares of Albertsons Companies in the third quarter worth $364,000. Asset Management One Co. Ltd. boosted its holdings in shares of Albertsons Companies by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after acquiring an additional 519 shares during the period. Finally, Ballentine Partners LLC bought a new position in shares of Albertsons Companies in the third quarter worth $205,000. 71.35% of the stock is owned by institutional investors.

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.