Albertsons Companies Inc (NYSE:ACI) price closed lower on current market day and dropping -0.05% below its previous close.
A look at the daily price movement shows that the last close reads $21.22. The company’s P/E ratio in the trailing 12-month period read 12.91. Taking into account the 52-week price action we note that the stock hit a 52-week high of $23.20 and 52-week low of $17.00. The stock subtracted -5.61% on its value in the past month.
Albertsons Companies Inc, which has a market valuation of $12.21 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 0.54, while the dividend yield is 2.55%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 6 analysts have assigned ACI a recommendation rating as follows: 3 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Albertsons Companies Inc (ACI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ACI’s price is at present -2.76% off the SMA20 and -2.93% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.29, with weekly volatility standing at 0.78%. The indicator jumps to 1.08% when calculated based on the past 30 days. Albertsons Companies Inc (NYSE:ACI)’s beta value is holding at 0.45, while the average true range (ATR) indicator is currently reading 0.44. Considering analysts have assigned the stock a price target range of $24-$26 as the low and high respectively, we find the trailing 12-month average consensus price target to be $24. Based on this estimate, we see that current price is roughly -13.15% off the estimated low and -22.58% off the forecast high. Investors will no doubt be excited to see the share price fall to $24, which is the median consensus price, and at that level ACI would be -13.15% from current price.
Current records show that the company has 575.44M in outstanding shares. The insiders’ percentage holdings are 28.15% of outstanding shares while the percentage share held by institutions stands at 59.31%. But the 7.99% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
