Ahold (OTCMKTS:ADRNY) Reaches New 12-Month High – What’s Next?

Ahold NV (OTCMKTS:ADRNY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as €49.82 and last traded at €49.73, with a volume of 64623 shares trading hands. The stock had previously closed at €48.40.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ADRNY shares. Zacks Research upgraded Ahold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Kepler Capital Markets upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Ahold Trading Up 1.8%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.42 and a current ratio of 0.70. The stock has a market capitalization of $43.99 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. The business has a fifty day simple moving average of €41.92 and a 200 day simple moving average of €41.24.

Ahold (OTCMKTS:ADRNY) last announced its earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of €27.51 billion. As a group, research analysts expect that Ahold NV will post 2.84 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.