Albertsons Companies Inc (ACI) concluded trading on Wednesday at a closing price of $20.06, with 3.7 million shares of worth about $74.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.65% during that period and on April 24, 2024 the price saw a loss of about -1.28%. Currently the company’s common shares owned by public are about 576.05M shares, out of which, 333.90M shares are available for trading.
Stock saw a price change of -1.86% in past 5 days and over the past one month there was a price change of -4.70%. Year-to-date (YTD), ACI shares are showing a performance of -12.78% which decreased to -3.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.88 but also hit the highest price of $23.88 during that period. The average intraday trading volume for Albertsons Companies Inc shares is 3.37 million. The stock is currently trading -3.56% below its 20-day simple moving average (SMA20), while that difference is down -3.87% for SMA50 and it goes to -8.21% lower than SMA200.
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Albertsons Companies Inc (NYSE: ACI) currently have 576.05M outstanding shares and institutions hold larger chunk of about 45.71% of that.
The stock has a current market capitalization of $11.58B and its 3Y-monthly beta is at 0.51. PE ratio of stock for trailing 12 months is 9.00, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 1.12 and has Quick Ratio of 0.18 while making debt-to-equity ratio of 5.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACI, volatility over the week remained 1.61% while standing at 1.39% over the month.
Analysts are in expectations that Albertsons Companies Inc (ACI) stock would likely to be making an EPS of $0.67 in the current quarter, while forecast for next quarter EPS is $0.52 and it is $2.61 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $0.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.93 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.01% while it is estimated to increase by 2.75% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 52.11% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on April 23, 2024 offering a Buy rating for the stock and assigned a target price of $24 to it. Coverage by Tigress Financial stated Albertsons Companies Inc (ACI) stock as a Buy in their note to investors on April 26, 2023, suggesting a price target of $27 for the stock. On December 06, 2022, Bernstein Initiated their recommendations, while on October 20, 2022, Morgan Stanley Upgrade their ratings for the stock with a price target of $30. Stock get a Hold rating from Deutsche Bank on October 20, 2022.
