Albertsons Companies Inc [ACI] stock prices are up 1.33% to $21.33 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACI shares have gain 2.94% over the last week, with a monthly amount drifted -1.11%, and not seem to be holding up well over a long-time horizon.
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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 $19.88 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 $21.33 at the most recent close of the market. An investor can expect a potential return of 32.44% 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 21.12 points at the first support level, and at 20.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.49, and for the 2nd resistance point, it is at 21.64.
Ratios To Look Out For
It’s worth pointing out that Albertsons Companies Inc [NYSE:ACI]’s Current Ratio is 0.85. Also, the Quick Ratio is 0.19, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 4.86 and price to earnings (TTM) ratio is 9.22.
Transactions by insiders
Recent insider trading involved Larson Robert Bruce, Chief Accounting Officer, that happened on Apr 27 ’23 when 32544.0 shares were sold.
