Ahold (OTCMKTS:ADRNY) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Ahold (OTCMKTS:ADRNY) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Ahold Stock Performance

Ahold stock opened at €47.02 on Thursday. Ahold has a 52-week low of €32.25 and a 52-week high of €49.82. The stock has a fifty day moving average price of €44.16 and a two-hundred day moving average price of €42.03. The firm has a market capitalization of $41.96 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.42.

Ahold (OTCMKTS:ADRNY) last posted its earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share for the quarter, topping the consensus estimate of €0.78 by €0.07. The firm had revenue of €27.35 billion during the quarter, compared to the consensus estimate of €27.51 billion. Ahold had a net margin of 2.45% and a return on equity of 16.91%. As a group, 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.