Why Ahold Delhaize (ADRNY) is Such a Great Value Stock Pick Right Now
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Koninklijke Ahold Delhaize N.V. ADRNY.
Ahold Delhaize in Focus
ADRNY may be an interesting play thanks to its forward PE of 10.6, its P/S ratio of 0.4, and its decent dividend yield of 3.3%. These factors suggest that Ahold Delhaize is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ADRNY has decent revenue metrics to back up its earnings.
Ahold NV PE Ratio (TTM)
But before you think that Ahold Delhaize is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 12.6% in the past 30 days, thanks to one upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push ADRNY to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So really, Ahold Delhaize is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ahold NV (ADRNY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.