For Albertsons Companies Inc. [ACI], Analyst sees a rise to $26. What next?

Albertsons Companies Inc. [NYSE: ACI] plunged by -$0.3 during the normal trading session on Monday and reaching a high of $20.59 during the day while it closed the day at $20.24. The company report on February 6, 2023 that Albertsons Companies, Inc. Announces Pricing of Its Senior Notes Offering.

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Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced the pricing of its private offering of $750 million aggregate principal amount of its 6.50% senior notes due 2028 (the “Notes”). The Company and its subsidiaries, Safeway Inc., New Albertsons L.P., Albertson’s LLC and Albertsons Safeway LLC, will be co-issuers of the Notes. The offering is expected to close on or about February 13, 2023, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering, together with cash on hand, to (i) repay in full all $750 million outstanding of its 3.5% senior notes due 2023 which are scheduled to mature on February 15, 2023 (the “Refinancing”) and (ii) pay fees and expenses related to the Refinancing and the issuance of the Notes.

Albertsons Companies Inc. stock has also loss -4.62% of its value over the past 7 days. However, ACI stock has declined by -0.98% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.26% and lost -2.41% year-on date.

The market cap for ACI stock reached $10.97 billion, with 534.60 million shares outstanding and 313.67 million shares in the current float. Compared to the average trading volume of 2.46M shares, ACI reached a trading volume of 10169983 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 $27.22 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 2.60. 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.

Bernstein have made an estimate for Albertsons Companies Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 06, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $26 to $30. The new note on the price target was released on October 20, 2022, representing the official price target for Albertsons Companies Inc. stock.

The Average True Range (ATR) for Albertsons Companies Inc. is set at 0.29, with the Price to Sales ratio for ACI stock in the period of the last 12 months amounting to 0.14. The Price to Book ratio for the last quarter was 13.23, with the Price to Cash per share for the same quarter was set at 8.14.

ACI stock trade performance evaluation

Albertsons Companies Inc. [ACI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.62. With this latest performance, ACI shares dropped by -3.62% in over the last four-week period, additionally sinking by -5.26% over the last 6 months – not to mention a drop of -7.06% 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 30.95, with the RSI for the last a single of trading hit 24.39, and the three-weeks RSI is set at 35.56 for Albertsons Companies Inc. [ACI]. The present Moving Average for the last 50 days of trading for this stock 21.06, while it was recorded at 20.88 for the last single week of trading, and 24.78 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 0.40 and a Current Ratio set at 0.80.

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 $7,215 million, or 68.40% 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 0.50% of the total institutional ownership; LUBERT-ADLER MANAGEMENT COMPANY, LP, holding 58,128,754 shares of the stock with an approximate value of $1.18 billion in ACI stocks shares; and VANGUARD GROUP INC, currently with $346.94 million in ACI stock with ownership of nearly 9.777% of the company’s market capitalization.

Positions in Albertsons Companies Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 235 institutional holders increased their position in Albertsons Companies Inc. [NYSE:ACI] by around 51,202,117 shares. Additionally, 143 investors decreased positions by around 45,751,095 shares, while 35 investors held positions by with 259,522,219 shares. The mentioned changes placed institutional holdings at 356,475,431 shares, according to the latest SEC report filing. ACI stock had 109 new institutional investments in for a total of 26,252,447 shares, while 62 institutional investors sold positions of 10,137,300 shares during the same period.


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