Koninklijke Ahold (OTCMKTS:ADRNY) Downgraded to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein cut shares of Koninklijke Ahold (OTCMKTS:ADRNY) from an outperform rating to a market perform rating in a report issued on Wednesday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Koninklijke Ahold from a sell rating to a hold rating in a research report on Tuesday, November 12th. Berenberg Bank reiterated a sell rating on shares of Koninklijke Ahold in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $22.85.

ADRNY traded up $0.17 on Wednesday, reaching $26.63. The company had a trading volume of 283,426 shares, compared to its average volume of 88,695. The stock has a market cap of $29.23 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.27 and a beta of 0.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.82. The company’s fifty day moving average is $25.37 and its 200 day moving average is $23.77. Koninklijke Ahold has a fifty-two week low of $22.01 and a fifty-two week high of $27.05.

Koninklijke Ahold (OTCMKTS:ADRNY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $18.56 billion during the quarter, compared to the consensus estimate of $18.51 billion. Koninklijke Ahold had a net margin of 2.66% and a return on equity of 12.19%. On average, sell-side analysts expect that Koninklijke Ahold will post 1.8 EPS for the current year.

Koninklijke Ahold Company Profile

Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe. The company's store formats include supermarkets, convenience stores, compact hypermarkets, cash and carry, drugstores, hypermarkets, and wine and liquor stores. As of December 30, 2018, it operated 6,769 stores primarily under 19 brands serving approximately 50 million customers, as well as online.

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