Albertsons Companies Inc (NYSE:ACI) saw a downside of -0.71% to $23.09 after subtracting -$0.17 on Tuesday. The 5-day average trading volume is 3,168,880 shares of the company’s common stock. It has gained $23.53 in the past week and touched a new high 1 time within the past 5 days. An average of 5,434,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,531,564.
ACI’s 1-month performance is 4.60% or $1.00 on its low of $22.04 reached on 08/28/23. The company’s shares have touched a 52-week low of $18.28 and high of $23.88, with the stock’s rally to the 52-week high happening on 09/08/23. YTD, ACI has achieved 11.35% or $2.34 and has reached a new high 24 times. However, the current price is down -3.29% from the 52-week high price.
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Insider Transactions
ACI stock investors last saw insider trading activity on Apr 27.Larson Robert Bruce (Chief Accounting Officer) most recently sold 32,544 shares at $20.95 per share on Apr 27. This transaction cost the insider $681,797. EVP, Pharmacy & Health, Gajial Omer, sold 36,000 shares at a price of $21.05 on Jan 25. Then, on Jan 25, Chief Accounting Officer Larson Robert Bruce sold 30,000 shares at a price of $21.01 per share. This transaction amounted to $630,300.
Valuation Metrics
ACI stock has a beta of 0.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.17 while the price-to-book (PB) in the most recent quarter is 6.65, with the price to cash flow ratio at 11.26.
Albertsons Companies Inc’s quick ratio for the period ended May 30 was 0.16, with the current ratio over the same period at 0.78. As well, the company’s long term debt to equity for the quarter ending May 30 was 6.64, while the total debt to equity was 7.27. In terms of profitability, the gross margin trailing 12 months is 25.83%. The trailing 12-month EBITDA margin is 6.11% while for the period ending May 30, Albertsons Companies Inc’s operating margin was 2.93%. The firm’s gross profit as reported stood at $21.76 billion against revenue of $77.65 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -16.06% to $417.2 million, while revenue of $311.1 million was 25.43% off the previous quarter. Analysts expected ACI to announce $0.85 per share in earnings in its latest quarter, but it posted $0.93, representing a 9.40% surprise. EBITDA for the quarter stood at more than $1.36 billion. ACI stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 23.82 billion, with total debt at $14.53 billion. Shareholders hold equity totaling $575.68 million.
Let’s look briefly at Albertsons Companies Inc (ACI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 47.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 6.94%.
The stock’s 5-day moving average is $23.22, reflecting a -1.09% or -$0.26 change from its current price. ACI is currently trading +3.80% above its 20-day SMA, +10.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.93% and SMA200 by+7.62%.
Stochastic %K and %D was 36.43% and 48.31% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 55.08%, while the 14-day stochastic is at 11.67% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.22 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Albertsons Companies Inc (NYSE: ACI), Tigress Financial upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ACI stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate ACI as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.
What is ACI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.00 and a high of $27.25, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Albertsons Companies Inc (ACI) stock is $24.90.
