Ahold (OTCMKTS:ADRNY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Ahold (OTCMKTS:ADRNY) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Separately, Kepler Capital Markets upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Ahold Trading Down 0.5%

Shares of ADRNY stock opened at €46.89 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market cap of $41.84 billion, a P/E ratio of 16.57, a P/E/G ratio of 2.73 and a beta of 0.50. The business has a fifty day simple moving average of €40.75 and a 200-day simple moving average of €40.82. Ahold has a fifty-two week low of €32.25 and a fifty-two week high of €47.45.

Ahold (OTCMKTS:ADRNY) last issued its earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.78 by €0.07. Ahold had a return on equity of 16.89% and a net margin of 2.45%.The business had revenue of €27.35 billion during the quarter, compared to analysts’ expectations of €27.51 billion. On average, analysts forecast that Ahold will post 2.84 earnings per share for the current fiscal year.

About Ahold

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.