Ahold (OTCMKTS:ADRNY) Sees Unusually-High Trading Volume – Should You Buy?

Ahold NV (OTCMKTS:ADRNY – Get Free Report) saw unusually-strong trading volume on Wednesday . 682,833 shares were traded during mid-day trading, an increase of 554% from the previous session’s volume of 104,344 shares.The stock last traded at €40.14 and had previously closed at €40.26.

Analysts Set New Price Targets

Several equities research analysts have commented on ADRNY shares. The Goldman Sachs Group lowered Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a research note 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 research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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Ahold Stock Down 0.4%

The stock has a market capitalization of $35.57 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.98 and a beta of 0.43. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average is €42.99 and its two-hundred day moving average is €43.70.

Ahold (OTCMKTS:ADRNY – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share for the quarter, topping analysts’ consensus estimates of €0.70 by €0.03. The business had revenue of €26.07 billion for the quarter, compared to analyst estimates of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. Equities analysts anticipate that Ahold NV will post 3.17 EPS for the current year.

About Ahold

(Get Free Report)

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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