Ahold (OTCMKTS:ADRNY) Stock Rating Upgraded by Royal Bank Of Canada

Ahold (OTCMKTS:ADRNY) was upgraded by equities researchers at Royal Bank Of Canada to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen downgraded shares of Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group cut shares of Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Ahold Stock Performance

Ahold stock opened at €41.46 on Monday. The company has a 50 day moving average price of €42.25 and a 200-day moving average price of €43.71. The company has a market capitalization of $36.78 billion, a PE ratio of 14.15, a P/E/G ratio of 1.94 and a beta of 0.44. Ahold has a fifty-two week low of €32.25 and a fifty-two week high of €50.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.46 and a current ratio of 0.77.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 EPS for the quarter, beating the consensus estimate of €0.70 by €0.03. Ahold had a return on equity of 16.97% and a net margin of 2.48%.The firm had revenue of €26.07 billion for the quarter, compared to analyst estimates of €26.24 billion. As a group, equities analysts forecast that Ahold will post 3.14 earnings per share 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.