Ahold (OTCMKTS:ADRNY) Sees Unusually-High Trading Volume – Still a Buy?

Ahold NV (OTCMKTS:ADRNY) shares saw an uptick in trading volume on Wednesday . 145,922 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 109,181 shares.The stock last traded at €41.04 and had previously closed at €41.46.

Analyst Ratings Changes

ADRNY has been the topic of a number of recent analyst reports. Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada raised Ahold to a “hold” rating in a report on Monday. Wall Street Zen downgraded Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Ahold Stock Performance

The firm has a market capitalization of $36.45 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.94 and a beta of 0.44. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average is €42.25 and its 200-day moving average is €43.71.

Ahold (OTCMKTS:ADRNY) last posted 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 firm had revenue of €26.07 billion for the quarter, compared to analysts’ expectations of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. On average, analysts predict that Ahold NV will post 3.14 EPS for the current fiscal 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.