Ahold (OTCMKTS:ADRNY) Hits New 1-Year High on Strong Earnings

Ahold NV (OTCMKTS:ADRNYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as €45.81 and last traded at €45.81, with a volume of 21811 shares traded. The stock had previously closed at €41.16.

The company reported €0.85 EPS for the quarter, topping the consensus estimate of €0.78 by €0.07. Ahold had a return on equity of 16.23% and a net margin of 2.25%.

Ahold News Roundup

Here are the key news stories impacting Ahold this week:

Analyst Ratings Changes

Several equities analysts recently issued reports on ADRNY shares. Zacks Research lowered Ahold from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. UBS Group upgraded shares of Ahold from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Kepler Capital Markets raised shares of Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on ADRNY

Ahold Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $41.05 billion, a PE ratio of 18.33, a PEG ratio of 2.35 and a beta of 0.50. The company has a 50-day moving average of €40.23 and a 200 day moving average of €40.61.

Ahold Company Profile

(Get Free Report)

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.

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