Albertsons Companies Inc (NYSE:ACI) has a beta value of 0.45 and has seen 6.49 million shares traded in the last trading session. The company, currently valued at $12.49B, closed the last trade at $21.69 per share which meant it lost -$0.44 on the day or -1.99% during that session. The ACI stock price is -6.96% off its 52-week high price of $23.20 and 21.62% above the 52-week low of $17.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.49 million shares traded. The 3-month trading volume is 5.48 million shares.
The consensus among analysts is that Albertsons Companies Inc (ACI) is Buy stock at the moment, with a recommendation rating of 2.09. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
Albertsons Companies Inc (NYSE:ACI) trade information
Sporting -1.99% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ACI stock price touched $21.69 or saw a rise of 2.43%. Year-to-date, Albertsons Companies Inc shares have moved 9.77%, while the 5-day performance has seen it change 0.79%. Over the past 30 days, the shares of Albertsons Companies Inc (NYSE:ACI) have changed -0.64%. Short interest in the company has seen 19.04 million shares shorted with days to cover at 4.23.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 13.24% from current levels. The projected low price target is $24.0 while the price target rests at a high of $26.0. In that case, then, we find that the current price level is -19.87% off the targeted high while a plunge would see the stock gain -10.65% from current levels.
Albertsons Companies Inc (ACI) estimates and forecasts
The company’s shares have gained 14.46% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.02% over the past 5 years.
ACI Dividends
Albertsons Companies Inc is expected to release its next earnings report on 2025-Apr-15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.54 at a share yield of 2.49%. The company’s dividend yield has gone up over the past 12 months.
Albertsons Companies Inc (NYSE:ACI)’s Major holders
Insiders own 14.94% of the company shares, while shares held by institutions stand at 73.63% with a share float percentage of 86.56%. Investors are also buoyed by the number of investors in a company, with Albertsons Companies Inc having a total of 1.0 institutions that hold shares in the company. The top two institutional holders are CERBERUS CAPITAL MANAGEMENT, L.P. with over 151.82 million shares worth more than $3.0 billion. As of 2024-06-30, CERBERUS CAPITAL MANAGEMENT, L.P. held 26.239% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 36.04 million shares as of 2024-06-30. The firm’s total holdings are worth over $711.88 million and represent 6.2296% of shares outstanding.
