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Sunday, September 27, 2020

Albertsons Companies Inc. (NYSE:ACI) on the Path to Profitability

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The Albertsons Companies Inc. (ACI) shares are trading at higher $15.67.

To add more color to this target, the company’s high over the last year is $16.50 and the low is $13.72. Over the last 52 weeks, ACI is down -5.03% while the S&P 500 is up 0.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

ACI booked profit margins of 0.70%, its Return on Equity (ROE) is 20.50%, and its Return on Assets is 1.90%. All told, it is clear that, ACI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ACI has a short ratio of 1.33 and outstanding shares of 467.48M.

Company Outlook

ACI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.68 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.67. Investors should also keep an eye on sector updates as ACI has historically followed its peers on positive news.

All told, Albertsons Companies Inc. ACI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ACI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Albertsons Companies Inc. ACI is now commanding a market cap of 7.33B and a float of 292.85M. ACI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ACI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ACI, either long or short, and we have not been compensated for this article.

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