The stock of Albertsons Companies Inc. (NYSE:ACI) increased by $0.13 on Tuesday to $21.89, up 0.57 percent. The last five days have seen an average of 1,550,603 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $1.15. The average number of shares traded over the last 20 days was 2,030,986, while the average volume over the last 50 days totaled 3,172,822.
ACI stock dropped -0.52% since last month. On 07/25/23, the company’s shares reached a one-month low of $21.18. The stock touched a high of $22.65 on 07/13/23, after rallying from a low of $18.28 in 52 weeks. The price of ACI stock has risen by 5.52% or $1.15 this year, reaching a new high 18 times. Still, the stock price is down -3.40% from the 52-week high.
Insider Transactions
ACI stock investors should be aware that Albertsons Companies Inc. (ACI) stock had its last reported insider trading activity 110 days ago on Apr 27. On Apr 27, Chief Accounting Officer Larson Robert Bruce sold 32,544 shares at $20.95 each. This transaction resulted in the insider making $681,797. On Jan 25, Gajial Omer sold 36,000 shares at a price of US$21.05. After the transaction, the insider now owns 25,140 shares. Chief Accounting Officer Larson Robert Bruce had earlier sold 30,000 shares on Jan 25 for $21.01 a share. The transaction was completed for $630,300.
Valuation Metrics
Albertsons Companies Inc. (ACI) has a trailing price-to-earnings (P/E) ratio of 9.97. Beta for the stock is 0.57. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 6.27.
Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year. A $6.73 dividend decrease was reported on Tuesday October 18 2022.
Financial Health
For the three months ended May 30, Albertsons Companies Inc.’s quick ratio was 0.20, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 3.91, and the total debt to equity ratio is 4.20. As far as profitability goes, gross margin for the trailing twelve months is 27.90% percent. Based on annual data, it had gross profit of $21.76 billion and revenue of $77.65 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 17.90% return on investment (ROI) in the past year.
Earnings Surprise
According to Albertsons Companies Inc.’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $24.05 billion, while revenues rose by 3.08% to $19.69 billion. It was predicted that Albertsons Companies Inc.’s quarterly earnings would be $0.93, but it ended up being $0.85, beating the consensus by 9.40%. EBITDA was $1.36 billion for the quarter. At the end of Albertsons Companies Inc.’s most recent quarter ended May 30, its liabilities totaled 23.82 billion, while its total debt was $14.53 billion. Equity owned by shareholders amounts to $575.68 million.
Technical Picture
Here’s a quick look at Albertsons Companies Inc.’s (ACI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 56.64%, suggesting the stock is Neutral, with a 9.22% historical volatility rate.
The stochastic %K and %D were 64.11% and 60.82% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 78.79%, the RSI (14) reading is 55.16%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at 0.04.
Analyst Ratings
In its most recent analyst report, Tigress Financial raised its rating on Albertsons Companies Inc. (NYSE: ACI) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Albertsons Companies Inc. (ACI) an Hold rating. ACI is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 3 others recommend it as a buy.
What is ACI’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $27.25, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for Albertsons Companies Inc. (ACI) is $24.73.
