Ahold (OTCMKTS:ADRNY) Hits New 52-Week High – Here’s What Happened

Ahold NV (OTCMKTS:ADRNY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as €47.47 and last traded at €47.23, with a volume of 221091 shares traded. The stock had previously closed at €47.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ADRNY shares. Kepler Capital Markets upgraded Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Zacks Research raised shares of Ahold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ahold has an average rating of “Strong Buy”.

Ahold Trading Up 0.5%

The company has a current ratio of 0.70, a quick ratio of 0.42 and a debt-to-equity ratio of 0.33. The company has a market cap of $42.20 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The firm has a 50-day moving average price of €41.13 and a 200 day moving average price of €40.96.

Ahold (OTCMKTS:ADRNY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.78 by €0.07. Ahold had a net margin of 2.45% and a return on equity of 16.89%. The company had revenue of €27.35 billion for the quarter, compared to the consensus estimate of €27.51 billion. As a group, sell-side analysts forecast that Ahold NV will post 2.84 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.