Koninklijke Ahold (OTCMKTS:ADRNY) Rating Increased to Hold at Zacks Investment Research

Koninklijke Ahold (OTCMKTS:ADRNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

Separately, Deutsche Bank reiterated a “neutral” rating on shares of Koninklijke Ahold in a research note on Monday, June 17th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.00.

Koninklijke Ahold stock traded down $0.08 during mid-day trading on Monday, reaching $22.64. 50,080 shares of the company were exchanged, compared to its average volume of 91,884. The company has a current ratio of 0.82, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $22.87. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.85 and a beta of 0.28. Koninklijke Ahold has a twelve month low of $21.58 and a twelve month high of $26.95.

Koninklijke Ahold (OTCMKTS:ADRNY) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Koninklijke Ahold had a return on equity of 14.04% and a net margin of 2.88%. The business had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $17.77 billion. Sell-side analysts predict that Koninklijke Ahold will post 1.8 EPS for the current fiscal year.

About Koninklijke Ahold

Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe. The company's store formats include supermarkets, convenience stores, compact hypermarkets, cash and carry, drugstores, hypermarkets, and wine and liquor stores. As of December 30, 2018, it operated 6,769 stores primarily under 19 brands serving approximately 50 million customers, as well as online.

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