Akzo Nobel (OTCMKTS:AKZOY) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Akzo Nobel (OTCMKTS:AKZOY) from a buy rating to a hold rating in a research report sent to investors on Saturday.

AKZOY has been the topic of a number of other reports. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Akzo Nobel Price Performance

AKZOY stock opened at $20.08 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The company’s 50-day moving average is $23.07 and its 200-day moving average is $22.90. The stock has a market capitalization of $10.31 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.37 and a beta of 1.07. Akzo Nobel has a 1 year low of $18.07 and a 1 year high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Equities research analysts expect that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.