Koninklijke Ahold (OTCMKTS:ADRNY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Koninklijke Ahold (OTCMKTS:ADRNY) from a hold rating to a buy rating in a research report report published on Friday, Zacks.com reports. The brokerage currently has $34.00 price objective on the stock.

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. “

Several other research analysts have also weighed in on ADRNY. Wolfe Research started coverage on Koninklijke Ahold in a research report on Thursday, May 28th. They set an outperform rating on the stock. Berenberg Bank reissued a hold rating on shares of Koninklijke Ahold in a research report on Friday, August 7th. HSBC lowered Koninklijke Ahold from a buy rating to a hold rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised Koninklijke Ahold from an underweight rating to a neutral rating in a research report on Wednesday, September 16th. Finally, Kepler Capital Markets reaffirmed a buy rating on shares of Koninklijke Ahold in a research report on Sunday, May 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $34.00.

Shares of OTCMKTS ADRNY opened at $30.30 on Friday. Koninklijke Ahold has a 12 month low of $20.25 and a 12 month high of $31.38. The company has a market cap of $33.47 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.32 and a beta of 0.29. The company has a quick ratio of 0.57, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $26.55.

Koninklijke Ahold (OTCMKTS:ADRNY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $21.03 billion for the quarter. Koninklijke Ahold had a return on equity of 16.84% and a net margin of 3.28%. As a group, sell-side analysts expect that Koninklijke Ahold will post 2.77 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 10th were given a dividend of $0.481 per share. The ex-dividend date of this dividend was Friday, August 7th. This is a boost from Koninklijke Ahold’s previous Semi-Annual dividend of $0.41. Koninklijke Ahold’s payout ratio is currently 50.52%.

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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