Royal Bank Of Canada Upgrades Ahold (OTCMKTS:ADRNY) to Hold

Ahold (OTCMKTS:ADRNY) was upgraded by analysts at Royal Bank Of Canada to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen lowered Ahold from a “strong-buy” rating to a “buy” rating in a report on Monday, March 23rd. Finally, The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Ahold Stock Performance

Shares of ADRNY stock opened at €41.46 on Monday. The firm has a market capitalization of $36.78 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.94 and a beta of 0.44. Ahold has a 1 year low of €32.25 and a 1 year high of €50.02. The firm’s fifty day simple moving average is €42.25 and its 200 day simple moving average is €43.71. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36.

Ahold (OTCMKTS:ADRNY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of €0.70 by €0.03. Ahold had a net margin of 2.48% and a return on equity of 16.97%. The company had revenue of €26.07 billion for the quarter, compared to analyst estimates of €26.24 billion. As a group, sell-side analysts predict that Ahold will post 3.14 EPS for the current 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.