Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Rating Increased to Neutral at Exane BNP Paribas

Exane BNP Paribas upgraded shares of Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Rating) from an underperform rating to a neutral rating in a research report sent to investors on Thursday, The Fly reports.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group set a €30.50 ($32.11) price objective on Koninklijke Ahold Delhaize in a research report on Wednesday, February 16th. Zacks Investment Research downgraded Koninklijke Ahold Delhaize from a buy rating to a hold rating in a report on Tuesday, February 1st. Oddo Bhf upgraded Koninklijke Ahold Delhaize from a neutral rating to an outperform rating and set a €31.00 ($32.63) price target on the stock in a report on Friday, February 18th. Barclays set a €31.00 ($32.63) price target on Koninklijke Ahold Delhaize in a report on Monday, April 11th. Finally, JPMorgan Chase & Co. set a €32.50 ($34.21) price target on Koninklijke Ahold Delhaize in a report on Monday, February 14th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $31.26.

Shares of ADRNY stock opened at $27.37 on Thursday. Koninklijke Ahold Delhaize has a 1 year low of $27.18 and a 1 year high of $35.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.41. The stock’s 50 day simple moving average is $30.47 and its two-hundred day simple moving average is $32.02. The company has a market cap of $28.66 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.40.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. Koninklijke Ahold Delhaize had a return on equity of 16.97% and a net margin of 2.97%. The business had revenue of $23.04 billion for the quarter, compared to the consensus estimate of $22.63 billion. Equities research analysts expect that Koninklijke Ahold Delhaize will post 2.42 EPS for the current year.

The company also recently disclosed a dividend, which was paid on Thursday, April 28th. Investors of record on Wednesday, April 20th were paid a $0.4683 dividend. The ex-dividend date was Tuesday, April 19th. This represents a yield of 2.81%. Koninklijke Ahold Delhaize’s dividend payout ratio (DPR) is currently 35.66%.

About Koninklijke Ahold Delhaize (Get Rating)

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce primarily in the United States and Europe. Its store formats include supermarkets, convenience stores, drugstores, and hypermarkets. It also subleases its stores to franchisees. As of January 2, 2022, it operated 7,452 stores primarily under local brands serving approximately 55 million customers, as well as online.

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