Stocks of Albertsons Companies Inc (NYSE:ACI) traded higher last session on Wall Street, down -2.67% to $19.32.
ACI stock price is now 2.22% away from the 50-day moving average and -2.25% away from the 200-day moving average. The market capitalization of the company currently stands at $11.19B.
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With the price target enhanced from $21 to $26, Telsey Advisory Group Upgraded its rating from Market Perform to Outperform for Albertsons Companies Inc (NYSE: ACI). , while ‘Melius’ rates the stock as ‘Buy’
In other news, Larson Robert Bruce, SVP & Chief Accounting Officer sold 24,362 shares of the company’s stock on May 01 ’24. The stock was sold for $493,087 at an average price of $20.24. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 50,241 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Chief Tech &Transformation Off DHANDA ANUJ sold 100,000 shares of the business’s stock. A total of $2,035,000 was realized by selling the stock at an average price of $20.35. This leaves the insider owning 365,297 shares of the company worth $7.06 million. A total of 27.50% of the company’s stock is owned by insiders.
During the past 12 months, Albertsons Companies Inc has had a low of $17.00 and a high of $23.47. As of last week, the company has a debt-to-equity ratio of 4.70, a current ratio of 0.90, and a quick ratio of 0.22. The fifty day moving average price for ACI is $18.8792 and a two-hundred day moving average price translates $19.7681 for the stock.
The latest earnings results from Albertsons Companies Inc (NYSE: ACI) was released for 2024-09-07. The net profit margin was 1.25% and return on equity was 38.12% for ACI. The company reported revenue of $18.55 billion for the quarter, compared to $18.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.43 percent.
