Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Rating) from a hold rating to a sell rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

A number of other equities analysts have also recently weighed in on the company. Barclays set a €31.00 ($32.63) price target on Koninklijke Ahold Delhaize in a report on Monday, April 11th. Oddo Bhf raised Koninklijke Ahold Delhaize from a neutral rating to an outperform rating and set a €31.00 ($32.63) price target for the company in a report on Friday, February 18th. The Goldman Sachs Group set a €30.50 ($32.11) price target on Koninklijke Ahold Delhaize in a report on Wednesday, February 16th. Exane BNP Paribas raised Koninklijke Ahold Delhaize from an underperform rating to a neutral rating in a report on Thursday. Finally, JPMorgan Chase & Co. set a €32.50 ($34.21) price target on Koninklijke Ahold Delhaize in a report on Monday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $31.26.

ADRNY opened at $27.92 on Thursday. The business’s fifty day moving average is $30.12 and its two-hundred day moving average is $31.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.41 and a current ratio of 0.68. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.99 and a beta of 0.40. Koninklijke Ahold Delhaize has a one year low of $27.18 and a one year high of $35.63.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $23.04 billion for the quarter, compared to the consensus estimate of $22.63 billion. Koninklijke Ahold Delhaize had a return on equity of 16.97% and a net margin of 2.97%. On average, analysts predict that Koninklijke Ahold Delhaize will post 2.42 EPS for the current fiscal year.

The firm also recently announced 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 of this dividend was Tuesday, April 19th. This represents a yield of 2.81%. Koninklijke Ahold Delhaize’s payout ratio is currently 36.08%.

Koninklijke Ahold Delhaize Company Profile (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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