A share price of Albertsons Companies Inc [ACI] is currently trading at $20.58, up 0.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACI shares have gain 2.59% over the last week, with a monthly amount drifted -2.42%, 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 23, 2024, when ROTH MKM upgraded its rating to a Buy but kept the price target unchanged to $24 for it. Previously, Tigress Financial upgraded its rating to Buy on April 26, 2023, and dropped its price target to $27. On December 06, 2022, Bernstein initiated with a Outperform rating and assigned a price target of $26 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $30 on October 20, 2022. Deutsche Bank downgraded its rating to a Hold. Guggenheim downgraded its rating to Neutral for this stock on October 17, 2022. In a note dated January 12, 2022, UBS reiterated an Neutral rating on this stock and revised its target price from $33 to $31.
Albertsons Companies Inc experienced fluctuations in its stock price throughout the past year between $19.84 and $23.88. Currently, Wall Street analysts expect the stock to reach $26.85 within the next 12 months. Albertsons Companies Inc [NYSE: ACI] shares were valued at $20.58 at the most recent close of the market. An investor can expect a potential return of 30.47% based on the average ACI price forecast.
Analyzing the ACI fundamentals
Trailing Twelve Months sales for Albertsons Companies Inc [NYSE:ACI] were 79.24B which represents 0.41% growth. 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 20.35 points at the first support level, and at 20.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.71, and for the 2nd resistance point, it is at 20.83.
Albertsons Companies Inc [ACI] reported earnings per share of $0.54 for its fiscal quarter that ended on 2/29/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.52/share, meaning a difference of $0.02 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 11/30/2023 were $0.79 per share as compared to estimates of $0.66 per share, a difference of $0.13 representing a surprise of 19.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Albertsons Companies Inc [NYSE:ACI] is 0.84. On the other hand, the Quick Ratio is 0.18, 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 4.31 and price to earnings (TTM) ratio is 9.23.
Transactions by insiders
Recent insider trading involved DHANDA ANUJ, Chief Tech &Transformation Off, that happened on Apr 30 ’24 when 100000.0 shares were sold.
