Ahold (OTCMKTS:ADRNY) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Ahold (OTCMKTS:ADRNY) from a strong-buy rating to a buy rating in a report issued on Monday morning.

Separately, Zacks Research downgraded Ahold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Ahold Stock Performance

Shares of ADRNY opened at €46.72 on Monday. The company has a market cap of $41.69 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. The firm has a 50-day moving average of €44.31 and a 200-day moving average of €42.09. Ahold has a one year low of €32.25 and a one year high of €49.82. 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 issued 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. Ahold had a net margin of 2.45% and a return on equity of 16.91%. The company had revenue of €27.35 billion for the quarter, compared to analysts’ expectations of €27.51 billion. As a group, equities analysts forecast that Ahold will post 2.84 earnings per share 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.