Ahold (OTCMKTS:ADRNY) Sets New 52-Week High – Time to Buy?

Shares of Ahold NV (OTCMKTS:ADRNY) reached a new 52-week high on Friday . The company traded as high as €49.82 and last traded at €49.73, with a volume of 64623 shares trading hands. The stock had previously closed at €48.40.

Analyst Upgrades and Downgrades

ADRNY has been the subject of several analyst reports. Kepler Capital Markets upgraded Ahold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Zacks Research upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Four equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Ahold Trading Up 1.2%

The firm has a market capitalization of $43.70 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 2.72 and a beta of 0.50. The business’s fifty day moving average is €41.75 and its 200 day moving average is €41.18. The company has a quick ratio of 0.42, a current ratio of 0.70 and a debt-to-equity ratio of 0.33.

Ahold (OTCMKTS:ADRNY) last released 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. The firm had revenue of €27.35 billion during the quarter, compared to analysts’ expectations of €27.51 billion. Ahold had a return on equity of 16.89% and a net margin of 2.45%. Equities analysts predict that Ahold NV will post 2.84 earnings per share for the current 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.