Albertsons Companies (NYSE:ACI) Price Target Lowered to $22.00 at Royal Bank of Canada

Albertsons Companies (NYSE:ACI) had its target price trimmed by Royal Bank of Canada from $23.00 to $22.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on ACI. Roth Mkm increased their price target on Albertsons Companies from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Wednesday, January 10th. Tigress Financial reaffirmed a buy rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Evercore ISI cut their price target on Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a research report on Tuesday, April 16th. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $27.25 price target on shares of Albertsons Companies in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $24.45.

Albertsons Companies Price Performance

NYSE ACI opened at $20.14 on Tuesday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.19. The stock’s fifty day moving average price is $20.83 and its 200 day moving average price is $21.60. Albertsons Companies has a 1 year low of $19.84 and a 1 year high of $23.88. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.95 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is currently 21.52%.

Institutional Investors Weigh In On Albertsons Companies

Several hedge funds have recently modified their holdings of the company. Peddock Capital Advisors LLC boosted its stake in shares of Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock worth $538,000 after acquiring an additional 500 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Albertsons Companies by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock valued at $2,455,000 after buying an additional 519 shares in the last quarter. Verus Capital Partners LLC lifted its stake in Albertsons Companies by 3.7% in the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock valued at $341,000 after buying an additional 540 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Albertsons Companies by 3.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock valued at $379,000 after buying an additional 600 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Albertsons Companies by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company’s stock valued at $3,865,000 after buying an additional 620 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other 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.