Wall Street Zen Downgrades Ahold (OTCMKTS:ADRNY) to Buy

Ahold (OTCMKTS:ADRNY) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Separately, Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Ahold Trading Down 1.5%

ADRNY opened at €47.02 on Monday. The stock has a 50-day moving average of €44.16 and a 200 day moving average of €42.04. The company has a current ratio of 0.71, a quick ratio of 0.42 and a debt-to-equity ratio of 0.32. Ahold has a 12 month low of €32.25 and a 12 month high of €49.82. The firm has a market cap of $41.96 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.63 and a beta of 0.47.

Ahold (OTCMKTS:ADRNY) last issued its quarterly earnings data on Wednesday, February 11th. The company reported €0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of €0.78 by €0.07. The business had revenue of €27.35 billion for the quarter, compared to the consensus estimate of €27.51 billion. Ahold had a return on equity of 16.91% and a net margin of 2.45%. As a group, research analysts forecast that Ahold will post 2.84 EPS for the current year.

Ahold Company Profile

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.