Gains May Be On The Menu For Albertsons Companies Inc (NYSE: ACI)

Currently, there are 569.67M common shares owned by the public and among those 331.07M shares have been available to trade.

Insiders at the company have transacted a total of 77 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 2,180,665 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 74,401,453 shares.

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However, the script later moved the day high at 21.67, down -1.39%. The company’s stock has a 5-day price change of 0.05% and 1.48% over the past three months. ACI shares are trading -7.48% year to date (YTD), with the 12-month market performance up to 0.81% higher. It has a 12-month low price of $19.14 and touched a high of $23.88 over the same period. ACI has an average intraday trading volume of 3.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.88%, -3.87%, and -2.68% respectively.

Institutional ownership of Albertsons Companies Inc (NYSE: ACI) shares accounts for 45.29% of the company’s 569.67M shares outstanding.

It has a market capitalization of $12.26B and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 9.20, while the earnings-per-share (ttm) stands at $2.31. The company has a PEG of 1.15 and a Quick Ratio of 0.19 with the debt-to-equity ratio at 5.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.53% over the week and 1.25% over the month.

Analysts forecast that Albertsons Companies Inc (ACI) will achieve an EPS of $AdvisorShares Vice ETF for the current quarter, $20.00 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Aurora Cannabis Inc. while analysts give the company a high EPS estimate of $The Cigna Group. Comparatively, EPS for the current quarter was $Accenture plc a year ago. Earnings per share for the fiscal year are expected to decrease by -14.97%, and -8.18% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 87.96% over the past 5-year period.

Looking at the support for the ACI, a number of firms have released research notes about the stock. Tigress Financial stated their Buy rating for the stock in a research note on April 26, 2023, with the firm’s price target at $32-$27. Bernstein coverage for the Albertsons Companies Inc (ACI) stock in a research note released on December 06, 2022 offered a Outperform rating with a price target of $26. Guggenheim on their part issued Neutral rating on October 17, 2022.

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