Ahold (OTCMKTS:ADRNY) Raised to “Strong-Buy” at Zacks Research

Ahold (OTCMKTS:ADRNY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

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

Ahold Trading Down 0.5%

Shares of OTCMKTS:ADRNY opened at €46.89 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.42 and a current ratio of 0.70. The stock has a market capitalization of $41.84 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.73 and a beta of 0.50. Ahold has a 1-year low of €32.25 and a 1-year high of €47.45. The company has a 50 day moving average price of €40.75 and a 200 day moving average price of €40.82.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings data on Wednesday, February 11th. The company reported €0.85 EPS for the quarter, beating analysts’ consensus estimates of €0.78 by €0.07. The company had revenue of €27.35 billion during the quarter, compared to the consensus estimate of €27.51 billion. Ahold had a return on equity of 16.89% and a net margin of 2.45%. On average, research analysts anticipate that Ahold will post 2.84 EPS for the current fiscal 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.