This is why Albertsons Companies Inc (ACI) Stock is one of the options for the Longer run

Albertsons Companies Inc [ACI] stock prices are up 1.61% to $20.78 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ACI shares have gain 2.47% over the last week, with a monthly amount drifted -2.17%, and not seem to be holding up well over a long-time horizon.

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On 8, February 2024, Albertsons Companies Voluntarily Recalls Five ReadyMeals and Store-Made Taco Kits Containing a Recalled Cheese Ingredient Due to Possible Listeria monocytogenes Contamination. In a post published today on Yahoo Finance, Albertsons Companies has voluntarily recalled five ReadyMeals and store-made taco kits supplied by Fresh Creative Foods due to possible Listeria monocytogenes contamination. The select meals and kits contain a recalled cheese ingredient supplied by Rizo-López Foods, Inc., of Modesto, California.

From an analyst’s perspective:

Albertsons Companies Inc [NYSE: ACI] stock has seen the most recent analyst activity on April 26, 2023, when Tigress Financial upgraded its rating to a Buy and also revised its price target to $27 from $32. Previously, Bernstein started tracking the stock with Outperform rating on December 06, 2022, and set its price target to $26. On October 20, 2022, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $30 on the stock. Deutsche Bank downgraded its rating to a Hold. Guggenheim downgraded its rating to a Neutral. UBS reiterated a Neutral rating for this stock on January 12, 2022, and downed its price target to $31. In a note dated January 07, 2022, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $35 to $37.

The stock price of Albertsons Companies Inc [ACI] has been fluctuating between $19.14 and $23.88 over the past year. Currently, Wall Street analysts expect the stock to reach $28.25 within the next 12 months. Albertsons Companies Inc [NYSE: ACI] shares were valued at $20.78 at the most recent close of the market. An investor can expect a potential return of 35.95% based on the average ACI price forecast.

Analyzing the ACI fundamentals

The Albertsons Companies Inc [NYSE:ACI] reported sales of 79.16B for trailing twelve months, representing a surge of 2.22%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.65 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.83.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.58 points at the first support level, and at 20.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.95, and for the 2nd resistance point, it is at 21.13.

Albertsons Companies Inc [ACI] reported earnings per share of $0.79 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.66/share, meaning a difference of $0.13 and a surprise factor of 19.70%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.63 per share as compared to estimates of $0.56 per share, a difference of $0.07 representing a surprise of 12.50%.

Ratios To Look Out For

It’s worth pointing out that Albertsons Companies Inc [NYSE:ACI]’s Current Ratio is 0.85. On the other hand, the Quick Ratio is 0.19, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 4.74 and price to earnings (TTM) ratio is 8.98.