Market Analysts see Albertsons Companies Inc. [ACI] gaining to $18. Time to buy?

Albertsons Companies Inc. [NYSE: ACI] gained 1.51% or 0.23 points to close at $15.45 with a heavy trading volume of 2835658 shares. The company report on October 30, 2020 that Albertsons Companies thanks generous customers for record-breaking donations toward Nourishing Neighbors childhood hunger relief.

Customers donated $9.3 million at checkstands in September to enable 37.5 million healthy breakfasts; company and customer donations have now topped $110 million in 2020.

Thanks to the generosity of customers, the Albertsons Companies Nourishing Neighbors community relief fund raised a record $9.3 million in its September campaign to provide healthy breakfasts for children in need across its market areas. The funds – raised at the register and directed to local organizations in each store’s community – will enable 37.5 million breakfasts throughout the country.

If we look at the average trading volume of 2.85M shares, ACI reached to a volume of 2835658 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Albertsons Companies Inc. [ACI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACI shares is $20.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACI stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northcoast have made an estimate for Albertsons Companies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 06, 2020. The new note on the price target was released on September 25, 2020, representing the official price target for Albertsons Companies Inc. stock. Previously, the target price had yet another raise to $18, while Credit Suisse analysts kept a Outperform rating on ACI stock.

The Average True Range (ATR) for Albertsons Companies Inc. is set at 0.50, with the Price to Sales ratio for ACI stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 4.90, with the Price to Cash per share for the same quarter was set at 4.90. Price to Free Cash Flow for ACI in the course of the last twelve months was 3.62 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for ACI stock

Albertsons Companies Inc. [ACI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.25.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACI stock in for the last two-week period is set at 65.62, with the RSI for the last a single of trading hit 67.78, and the three-weeks RSI is set at 61.13 for Albertsons Companies Inc. [ACI]. The present Moving Average for the last 50 days of trading for this stock 14.14, while it was recorded at 15.03 for the last single week of trading.

Albertsons Companies Inc. [ACI]: A deeper dive into fundamental analysis

Albertsons Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.10.

Albertsons Companies Inc. [ACI]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Albertsons Companies Inc. go to 13.81%.

An analysis of insider ownership at Albertsons Companies Inc. [ACI]

There are presently around $3,063 million, or 53.50% of ACI stock, in the hands of institutional investors. The top three institutional holders of ACI stocks are: FEINBERG STEPHEN with ownership of 158,656,650, which is approximately New of the company’s market cap and around 15.40% of the total institutional ownership; CITADEL ADVISORS LLC, holding 6,416,186 shares of the stock with an approximate value of $97.65 million in ACI stocks shares; and ALYESKA INVESTMENT GROUP, L.P., currently with $64.84 million in ACI stock with ownership of nearly New of the company’s market capitalization.

94 institutional holders increased their position in Albertsons Companies Inc. [NYSE:ACI] by around 201,236,240 shares. Additionally, 7 investors decreased positions by around 432,633 shares, while 3 investors held positions by with 431,833 shares. The mentioned changes placed institutional holdings at 201,237,040 shares, according to the latest SEC report filing. ACI stock had 94 new institutional investments in for a total of 201,236,240 shares, while 7 institutional investors sold positions of 432,633 shares during the same period.

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