why Albertsons Companies Inc [ACI] is a Good Choice for Investors After New Price Target of $24.27

Albertsons Companies Inc [NYSE: ACI] loss -0.59% on the last trading session, reaching $20.12 price per share at the time.

If compared to the average trading volume of 2.59M shares, ACI reached a trading volume of 2074841 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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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 $24.27 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 2.47. 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.

ROTH MKM have made an estimate for Albertsons Companies Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2024. While these analysts kept the previous recommendation, Tigress Financial dropped their target price from $32 to $27. The new note on the price target was released on April 26, 2023, representing the official price target for Albertsons Companies Inc stock. Previously, the target price had yet another raise to $26, while Bernstein analysts kept a Outperform rating on ACI stock. On October 20, 2022, analysts increased their price target for ACI shares from 26 to 30.

The Average True Range (ATR) for Albertsons Companies Inc is set at 0.38, 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 4.00, with the Price to Cash per share for the same quarter was set at 0.55. Price to Free Cash Flow for ACI in the course of the last twelve months was 14.03 with Quick ratio for the last quarter at 0.21.

Trading performance analysis for ACI stock

Albertsons Companies Inc [ACI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.04. With this latest performance, ACI shares gained by 1.46% in over the last four-week period, additionally sinking by -0.79% over the last 6 months – not to mention a drop of -10.66% 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 48.04, with the RSI for the last a single of trading hit 44.25, and the three-weeks RSI is set at 49.29 for Albertsons Companies Inc [ACI]. The present Moving Average for the last 50 days of trading for this stock 19.96, while it was recorded at 20.55 for the last single week of trading, and 20.91 for the last 200 days.

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 0.21 and a Current Ratio set at 0.88.

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

With the latest financial reports released by the company, Albertsons Companies Inc posted 0.63/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. 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%.

An analysis of Institutional ownership at Albertsons Companies Inc [ACI]

There are presently around $73.63%, or 86.56%% 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 151.82 million shares, which is approximately 26.3437%. VANGUARD GROUP INC, holding 36.04 million shares of the stock with an approximate value of $$711.88 million in ACI stocks shares; and VANGUARD GROUP INC, currently with $$417.95 million in ACI stock with ownership which is approximately 3.672%.