Ahold (OTCMKTS:ADRNY) Sees Large Volume Increase – Still a Buy?

Ahold NV (OTCMKTS:ADRNY) shares saw unusually-strong trading volume on Wednesday . Approximately 272,489 shares traded hands during mid-day trading, an increase of 183% from the previous session’s volume of 96,226 shares.The stock last traded at €41.75 and had previously closed at €41.20.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ADRNY shares. The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Ahold Stock Performance

The stock has a market capitalization of $37.17 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.01 and a beta of 0.43. The firm has a 50-day moving average of €45.10 and a 200 day moving average of €43.74. 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 issued its quarterly earnings results 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. Ahold had a return on equity of 16.97% and a net margin of 2.48%.The company had revenue of €26.07 billion for the quarter, compared to analysts’ expectations of €26.24 billion. As a group, equities analysts predict that Ahold NV will post 3.21 EPS for the current fiscal 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.