Koninklijke Ahold (OTCMKTS:ADRNY) – Stock analysts at Jefferies Financial Group dropped their FY2020 earnings per share (EPS) estimates for Koninklijke Ahold in a research report issued on Wednesday, February 12th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will post earnings per share of $1.93 for the year, down from their prior estimate of $1.97. Jefferies Financial Group also issued estimates for Koninklijke Ahold’s FY2022 earnings at $2.42 EPS.
Several other analysts have also weighed in on ADRNY. Morgan Stanley initiated coverage on Koninklijke Ahold in a report on Thursday, December 19th. They issued an “equal weight” rating for the company. Zacks Investment Research upgraded Koninklijke Ahold from a “sell” rating to a “hold” rating in a report on Thursday. Berenberg Bank restated a “sell” rating on shares of Koninklijke Ahold in a report on Thursday, October 31st. Finally, Sanford C. Bernstein lowered Koninklijke Ahold from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.85.
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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