Ahold (OTCMKTS:ADRNY) Sees Strong Trading Volume – Time to Buy?

Ahold NV (OTCMKTS:ADRNY) shares saw strong trading volume on Wednesday . 682,833 shares traded hands during mid-day trading, an increase of 554% from the previous session’s volume of 104,344 shares.The stock last traded at €40.14 and had previously closed at €40.26.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADRNY. Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. The Goldman Sachs Group lowered shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Finally, Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ahold has a consensus rating of “Moderate Buy”.

Ahold Price Performance

The stock has a 50-day simple moving average of €42.68 and a 200 day simple moving average of €43.70. The company has a market cap of $36.84 billion, a PE ratio of 14.17, a P/E/G ratio of 1.97 and a beta of 0.44. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 0.36.

Ahold (OTCMKTS:ADRNY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported €0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of €0.70 by €0.03. The firm had revenue of €26.07 billion for the quarter, compared to analyst estimates of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. Equities analysts expect that Ahold NV will post 3.17 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.