Ahold NV (OTCMKTS:ADRNY – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of €40.80 and traded as low as €39.73. Ahold shares last traded at €40.03, with a volume of 74,300 shares.
Analyst Upgrades and Downgrades
ADRNY has been the subject of several research reports. The Goldman Sachs Group lowered Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Royal Bank Of Canada upgraded shares of Ahold to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ahold presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on ADRNY
Ahold Stock Performance
Ahold (OTCMKTS:ADRNY – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share for the quarter, beating the consensus estimate of €0.70 by €0.03. The business had revenue of €26.07 billion during the quarter, compared to analysts’ expectations of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. As a group, equities research analysts forecast that Ahold NV will post 3.15 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.
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