Look For Institutional Buying In Albertsons Companies Inc (NYSE: ACI)

Albertsons Companies Inc (ACI) concluded trading on Thursday at a closing price of $20.05, with 4.59 million shares of worth about $92.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.78% during that period and on January 30, 2025 the price saw a gain of about 0.15%. Currently the company’s common shares owned by public are about 579.36M shares, out of which, 420.04M shares are available for trading.

Stock saw a price change of 1.37% in past 5 days and over the past one month there was a price change of 0.65%. Year-to-date (YTD), ACI shares are showing a performance of 2.09% which decreased to -7.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.00 but also hit the highest price of $21.81 during that period. The average intraday trading volume for Albertsons Companies Inc shares is 5.23 million. The stock is currently trading 0.60% above its 20-day simple moving average (SMA20), while that difference is up 2.50% for SMA50 and it goes to 2.24% higher than SMA200.

Albertsons Companies Inc (NYSE: ACI) currently have 579.36M outstanding shares and institutions hold larger chunk of about 49.71% of that.

The stock has a current market capitalization of $11.62B and its 3Y-monthly beta is at 0.51. PE ratio of stock for trailing 12 months is 11.27, while it has posted earnings per share of $1.78 in the same period. It has Quick Ratio of 0.21 while making debt-to-equity ratio of 4.22. 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 2.07% over the month.

Stock’s fiscal year EPS is expected to drop by -20.44% while it is estimated to increase by 0.48% in next year. EPS is likely to shrink at an annualized rate of -6.08% 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 Citigroup on January 24, 2025 offering a Buy rating for the stock and assigned a target price of $26 to it. Coverage by Telsey Advisory Group stated Albertsons Companies Inc (ACI) stock as an Outperform in their note to investors on December 17, 2024, suggesting a price target of $26 for the stock. On December 13, 2024, BofA Securities Resumed their recommendations, while on October 21, 2024, Melius Upgrade their ratings for the stock with a price target of $24. Stock get an Overweight rating from Wells Fargo on October 18, 2024.

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