Ahold (OTCMKTS:ADRNY) Hits New 52-Week High - Still a Buy?

Key Points

• Ahold NV reached a new 52-week high of €43.01 ($50.01) with a trading volume of 3,520 shares.
• Analysts have mixed opinions on Ahold, with Jefferies upgrading it to a "strong-buy," while Zacks downgraded it to a "hold."
• The company announced a recent dividend yielding 250.0%, despite maintaining a payout ratio of 42.47%.

Ahold NV (OTCMKTS:ADRNY - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as €43.01 ($50.01) and last traded at €43.01 ($50.01), with a volume of 3520 shares trading hands. The stock had previously closed at €42.53 ($49.45).

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADRNY. Jefferies Financial Group upgraded Ahold from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Zacks Research downgraded Ahold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy".

Ahold Trading Up 1.7%

The company has a market cap of $39.39 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.87 and a beta of 0.49. The company's fifty day moving average price is €40.42 and its two-hundred day moving average price is €40.52. The company has a quick ratio of 0.43, a current ratio of 0.72 and a debt-to-equity ratio of 0.33.

Ahold (OTCMKTS:ADRNY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported €0.74 earnings per share for the quarter. Ahold had a net margin of 2.02% and a return on equity of 15.88%. Research analysts expect that Ahold NV will post 2.84 earnings per share for the current year.

Ahold Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 28th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.4157 per share. This represents a yield of 250.0%. The ex-dividend date of this dividend was Monday, August 11th. Ahold's payout ratio is currently 42.47%.

Ahold Company Profile

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce in the United States, Europe, and internationally. The company's stores offer produce, dairy, meat, deli, bakery, seafood, and frozen products; grocery, beer, and wine; floral, pet food, health and beauty care, kitchen and cookware, gardening tools, general merchandise articles, electronics, newspapers and magazines, tobacco, etc.; gasoline; and pharmacy products.

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