Unveiling Albertsons Companies: Analyst Perspectives
In the most recent quarter, Albertsons Companies (NYSE: ACI) received ratings from 6 analysts, showcasing a variety of opinions. The analysts’ ratings over different time frames are as follows:
Total Ratings: 1 Bullish, 3 Somewhat Bullish, 2 Indifferent, 0 Somewhat Bearish, 0 Bearish.
Last 30 Days: No Bullish, 1 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
1 Month Ago: No Bullish, 1 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
2 Months Ago: 1 Bullish, 1 Somewhat Bullish, 1 Indifferent, 0 Somewhat Bearish, 0 Bearish.
3 Months Ago: No Bullish, No Somewhat Bullish, 1 Indifferent, 0 Somewhat Bearish, 0 Bearish.
Analyst Price Targets
Analysts have set a 12-month price target for Albertsons Companies at an average of $24.88. The high estimate is $27.25, and the low estimate is $23.00. The current average has increased by 0.85% from the previous average price target of $24.67.
Recent Analyst Actions
Key analysts and their recent evaluations include:
– Steven Shemesh from RBC Capital lowered the rating to Outperform with a current price target of $23.00 from $24.00.
– Ivan Feinseth from Tigress Financial maintains a Buy rating with a price target of $27.00.
– Bill Kirk from Roth MKM raised the rating to Neutral with a price target of $24.00 from $23.00.
– Joseph Feldman from Telsey Advisory Group maintains a Market Perform rating with a price target of $27.25.
Insights on Analyst Ratings
Analysts react to market conditions and company performance by adjusting their recommendations. Their actions of ‘Maintain’, ‘Raise’, or ‘Lower’ reflect responses to recent developments related to Albertsons Companies. Analysts provide qualitative assessments ranging from ‘Outperform’ to ‘Underperform’, indicating their expectations for the company’s performance.
For more comprehensive information on analyst ratings and estimates for Albertsons Companies (ACI), you can explore financial platforms such as Tipranks, Business Insider, Wall Street Journal, Yahoo Finance, and Nasdaq.
ACI Stock Shows Resilience with Slight Increase in Price – March 8, 2024
On March 8, 2024, ACI stock had a mixed performance as it traded in the middle of its 52-week range and below its 200-day simple moving average. Despite this, the stock saw a slight increase in price, with shares rising by $0.11 or 0.53% since the market last closed.
ACI opened at $20.74, which was $0.04 lower than its previous close. This slight decrease at the opening bell may have caused some initial concern among investors, but the subsequent price increase throughout the day helped to offset this initial dip.
Investors will likely be keeping a close eye on ACI in the coming days to see if this positive price momentum continues. With the stock showing signs of resilience despite trading below its 200-day moving average, there may be opportunities for investors to capitalize on potential gains in the future.
As always, it is important for investors to conduct their own research and analysis before making any investment decisions. The stock market can be unpredictable, and past performance is not always indicative of future results. However, the price momentum seen in ACI on March 8th is certainly a positive sign for those who hold shares in the company.
ACI Stock Performance Update: Mixed Results with Positive Third Quarter Growth
On March 8, 2024, ACI stock showed mixed performances based on the latest financial data. The total revenue for the company was reported at $77.65 billion for the past year, with a slight increase of 8.02% compared to the previous year. However, the total revenue remained flat at $18.56 billion for the third quarter, indicating no growth from the previous quarter.
In terms of net income, ACI reported a net income of $1.51 billion for the past year, representing a decrease of 6.55% compared to the previous year. However, the net income for the third quarter saw a significant increase of 35.41% to $361.40 million compared to the previous quarter.
Earnings per share (EPS) for ACI stock were reported at $2.27 for the past year, showing a decrease of 16.1% compared to the previous year. However, the EPS for the third quarter increased by 35.58% to $0.62 compared to the previous quarter.
Overall, the stock performances of ACI on March 8, 2024, showed a mixed picture with some positive indicators such as the increase in net income and EPS for the third quarter. Investors may want to closely monitor future financial reports and market trends to make informed decisions about investing in ACI stock.
