Ahold (OTCMKTS:ADRNY) Upgraded at Zacks Research

Zacks Research upgraded shares of Ahold (OTCMKTS:ADRNY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

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

Ahold Price Performance

ADRNY opened at €46.40 on Monday. The stock has a market cap of $41.41 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.62 and a beta of 0.50. Ahold has a 12 month low of €32.25 and a 12 month high of €47.45. 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 company has a fifty day simple moving average of €40.87 and a 200 day simple moving average of €40.86.

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

About Ahold

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.