Albertsons Companies Inc (ACI) Analysis & Forecast for 2024

Albertsons Companies Inc (NYSE: ACI) is -7.83% lower on its value in year-to-date trading and has touched a low of $19.14 and a high of $23.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACI stock was last observed hovering at around $21.35 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $21.20, the stock is -2.62% and -4.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing -0.70% at the moment leaves the stock -3.00% off its SMA200. ACI registered -0.28% loss for a year compared to 6-month gain of -2.71%. The firm has a 50-day simple moving average (SMA 50) of $0.34 and a 200-day simple moving average (SMA200) of $5.78.

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The stock witnessed a -8.03% loss in the last 1 month and extending the period to 3 months gives it a -0.89%, and is -0.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.07% over the week and 1.41% over the month.

Albertsons Companies Inc (ACI) has around Jan 25 2024 employees, a market worth around $12.21B and $79.16B in sales. Current P/E ratio is 9.16 and Fwd P/E is 8.06. Profit margin for the company is 1.70%. Distance from 52-week low is 10.76% and -11.22% from its 52-week high. The company has generated returns on investments over the last 12 months (8.48%).

Albertsons Companies Inc quarterly earnings per share for the current quarter are estimated at $0.52 with sales reaching $18.45B over the same period.The EPS is expected to shrink by -14.98% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 1.00% in year-over-year returns.

Albertsons Companies Inc (ACI) Top Institutional Holders

1 institutions hold shares in Albertsons Companies Inc (ACI), with institutional investors hold 86.56% of the company’s shares. The shares outstanding are 569.67M, and float is at 331.02M with Short Float at 3.48%. Institutions hold 73.63% of the Float.

The top institutional shareholder in the company is Cerberus Capital Management, L.P. with over 151.82 million shares valued at $3.31 billion. The investor’s holdings represent 26.36% of the ACI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 30.19 million shares valued at $658.82 million to account for 5.24% of the shares outstanding. The other top investors are Blackrock Inc. which holds 15.73 million shares representing 2.73% and valued at over $343.21 million, while Ares Management LLC holds 1.79% of the shares totaling 10.31 million with a market value of $225.05 million.

Albertsons Companies Inc (ACI) Insider Activity

A total of 3 insider transactions have happened at Albertsons Companies Inc (ACI) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by Larson Robert Bruce ,the company’sChief Accounting Officer. SEC filings show that Larson Robert Bruce sold 32,544 shares of the company’s common stock on Apr 27 at a price of $20.95 per share for a total of $0.68 million. Following the sale, the insider now owns 50241.0 shares.