why Albertsons Companies Inc. [ACI] is a Good Choice for Investors After New Price Target of $30.09

Albertsons Companies Inc. [NYSE: ACI] plunged by -$0.26 during the normal trading session on Tuesday and reaching a high of $20.85 during the day while it closed the day at $20.59. The company report on November 8, 2022 that Albertsons Cos. Issues Statement Regarding U.S. District Court for District of Columbia’s Ruling to Deny Request by California, Illinois and District of Columbia Attorneys General for Temporary Restraining Order Against its Special Dividend Payment.

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Albertsons Companies (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the U.S. District Court for the District of Columbia has denied the request by the California, Illinois and District of Columbia Attorneys General for a temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid on November 7, 2022.

Albertsons Cos. continues to seek to overturn the existing temporary restraining order granted by the Washington State Court on November 3, which was based on the incorrect assertion that payment of the Special Dividend would impair the Company’s ability to compete while its proposed merger (the “Merger”) with The Kroger Co. (“Kroger”) is under antitrust review. This order, which restrains the Company from paying the Special Dividend, remains in effect until November 10, 2022, unless within that time, an order is entered extending or dismissing the temporary restraining order.

Albertsons Companies Inc. stock has also gained 1.33% of its value over the past 7 days. However, ACI stock has declined by -4.69% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.50% and lost -9.17% year-on date.

The market cap for ACI stock reached $11.12 billion, with 531.90 million shares outstanding and 313.67 million shares in the current float. Compared to the average trading volume of 6.56M shares, ACI reached a trading volume of 4949724 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $30.09 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 2.70. 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.

Morgan Stanley have made an estimate for Albertsons Companies Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 20, 2022. The new note on the price target was released on October 20, 2022, representing the official price target for Albertsons Companies Inc. stock. On January 12, 2022, analysts decreased their price target for ACI shares from 33 to 31.

The Average True Range (ATR) for Albertsons Companies Inc. is set at 0.63, with the Price to Sales ratio for ACI stock in the period of the last 12 months amounting to 0.15. The Price to Book ratio for the last quarter was 2.50, with the Price to Cash per share for the same quarter was set at 6.28. Price to Free Cash Flow for ACI in the course of the last twelve months was 11.80 with Quick ratio for the last quarter at 0.50.

ACI stock trade performance evaluation

Albertsons Companies Inc. [ACI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.33. With this latest performance, ACI shares gained by 8.59% in over the last four-week period, additionally sinking by -9.50% over the last 6 months – not to mention a drop of -17.81% in the past year of trading.

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 52.29, with the RSI for the last a single of trading hit 33.78, and the three-weeks RSI is set at 35.84 for Albertsons Companies Inc. [ACI]. The present Moving Average for the last 50 days of trading for this stock 25.19, while it was recorded at 20.81 for the last single week of trading, and 28.79 for the last 200 days.

Albertsons Companies Inc. [ACI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Albertsons Companies Inc. [ACI] shares currently have an operating margin of +3.51 and a Gross Margin at +26.69. Albertsons Companies Inc.’s Net Margin is presently recorded at +2.25.

Return on Equity for this stock inclined to 74.48, with Return on Assets sitting at 5.38.

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.

Earnings per share (EPS) analysis for Albertsons Companies Inc. [ACI] stock

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 8.00%.

Albertsons Companies Inc. [ACI]: Insider Ownership positions

There are presently around $7,042 million, or 65.80% of ACI stock, in the hands of institutional investors. The top three institutional holders of ACI stocks are: CERBERUS CAPITAL MANAGEMENT, L.P. with ownership of 151,818,680, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; LUBERT-ADLER MANAGEMENT COMPANY, LP, holding 58,128,754 shares of the stock with an approximate value of $1.2 billion in ACI stocks shares; and FMR LLC, currently with $467.29 million in ACI stock with ownership of nearly 290.07% of the company’s market capitalization.

Positions in Albertsons Companies Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 197 institutional holders increased their position in Albertsons Companies Inc. [NYSE:ACI] by around 54,286,206 shares. Additionally, 139 investors decreased positions by around 12,715,081 shares, while 32 investors held positions by with 274,992,386 shares. The mentioned changes placed institutional holdings at 341,993,673 shares, according to the latest SEC report filing. ACI stock had 64 new institutional investments in for a total of 4,654,879 shares, while 57 institutional investors sold positions of 5,359,176 shares during the same period.


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