Bernstein raised the price target for the Albertsons Companies Inc. (NYSE:ACI) stock to “an Outperform”. The rating was released on December 06, 2022, according to finviz. We previously noted in another research note published on October 20, 2022 by Morgan Stanley that upgraded the stock from an Underweight to an Equal-weight with a price target of $30 for ACI stock. In their research brief published January 12, 2022, UBS analysts reiterated the Albertsons Companies Inc. stock to Neutral with a price target of $31.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Albertsons Companies Inc. (NYSE:ACI) raised 0.10% to close Monday’s market session at $21.03, higher as compared to yesterday’s close. The stock price fluctuated between $21.005 and $21.2775 throughout the trading session with the volume trading being 3183131 shares, which represented a significant variation when compared to the three months average volume of 3.27 million shares. The firm’s stock price fluctuated -1.45% within the last five trades and 1.74% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.68% in the last 6 months and 1.84% was added to its value over the previous 3 months. ACI stock is trading at a margin of -0.03%, 0.69% and -1.11% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ACI deals in the Consumer Defensive domain. The stock is trading -26.28 percent below its 52-week high and 15.06 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -27.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Albertsons Companies Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $11.21 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Albertsons Companies Inc. (NYSE:ACI) is 8.56. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.03. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.15 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 13.75, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.50 percent of Albertsons Companies Inc. shares are owned by insiders, and 68.40 percent are held by financial institutions. KIMCO REALTY CORP, the at Albertsons Companies Inc. (ACI) has sold 11,500,000 shares of firm on Oct 14 at a price of $26.18 against the total amount of $301.07 million. In another inside trade, MORRIS SUSAN, EVP & Chief Operations Officer of Albertsons Companies Inc. (NYSE:ACI) sold 252,002 shares of the firm on Aug 10 for a total worth of $7.27 million at a price of $28.86. An inside trade which took place on Aug 09, EVP & Chief Operations Officer of Albertsons Companies Inc. MORRIS SUSAN sold 252,003 shares of firm against total price of $7.12 million at the cost of $28.25 per share.