Akzo Nobel NV (OTCMKTS:AKZOY) Given Consensus Rating of “Hold” by Analysts

Akzo Nobel NV (OTCMKTS:AKZOY) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company.

A number of equities research analysts recently commented on the stock. Barclays cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday. 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. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, UBS Group upgraded Akzo Nobel to a “hold” rating in a research note on Monday, January 12th.

Akzo Nobel Price Performance

AKZOY opened at $18.34 on Friday. The firm has a market capitalization of $9.42 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. 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 business’s 50-day moving average is $22.51 and its two-hundred day moving average is $22.70. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52.

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