Albertsons Companies Inc. (NYSE:ACI) does about 3.61M shares in volume on a normal day but saw 3823924 shares change hands in Tuesday trading. The company now has a market cap of 6.82B USD and an enterprise value of about $19.25B. Its current market price is $13.94, marking an increase of 1.09% compared to the previous close of $13.79. The 52 week high reached by this stock is $16.50 whilst the lowest price level in 52 weeks is $13.72. The script in recent trading has seen the stock touch a high of $14.19 and a low of $13.55.
Albertsons Companies Inc. (ACI) has a 20-day trading average at $14.83 and the current price is -15.52% off the 52-week high compared with 1.60% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 2.94%, which decreases to 2.67% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.32 to suggest the stock is neutral.
18 analysts observing the Albertsons Companies Inc. (ACI) stock have set the 12-month price targets for the company’s shares at between $15.00 and $26.00. The consensus objective for the share price is $19.75, suggesting that the stock has a potential upside of 29.42% over the period. The median price target is 26.63% away from the current levels at $19.00.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 14 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 06, 2020 when Credit Suisse resumed the stock to “Outperform” and issued a price target of $18. Wells Fargo initiated its price target at $18.
The current price level is -6.41%, -7.70%, and -7.70% away from its SMA20, SMA50, and SMA200 respectively, with the ACI price moving above the 50-day SMA on September 01. Albertsons Companies Inc. (ACI) stock is down -4.46% over the week and -6.00% over the past month. Its price is -9.77% year-to-date.
The stock last released its quarterly earnings report for quarter ended 5/30/2020, with the company’s earnings per share (EPS) of $1.35 above consensus estimates by $0.05. Expected sales for next quarter are $14.68 billion, which analysts say will come at $67.27 billion for the current fiscal year and next year at $64.54 billion. In addition, estimates put the company’s current quarterly revenue at an average of $15.36 billion.
Its 12-month price target is $19.00. To reach the target analysts have set, the stock logically needs to grow 29.42 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $15.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $26.00.
Outstanding shares total 568.00M with insiders holding 14.94% of the shares and institutional holders owning 73.63% of the company’s common stock. The company has a return on investment of 10.90% and return on equity of 48.80%. The price to earnings ratio (P/E ratio) amounts to 5.57 while the forward price to earnings ratio is 9.31. Price to book ratio is 6.64 and price to sales ratio is 0.10.
MFS Mid Cap Value Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 1.3 million shares to end up with 1,366,149 shares worth $20.3 million. Vanguard Small Cap Index Fund raise their holdings by 1,924.42% in the company over the course of the most recent quarter. It now holds a 0.21% position in Albertsons Companies Inc. thanks to 1.19 million shares amounting to $17.72 million.