Akzo Nobel NV (OTCMKTS:AKZOY) Stock Rated “Hold” by Wall Street Analysts

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) have received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company.

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Oddo Bhf raised shares of Akzo Nobel from a “neutral” rating to an “outperform” rating in a research report on Monday, September 28th.

Akzo Nobel Stock Up 1.1%

Akzo Nobel stock opened at $22.10 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.55 and a current ratio of 1.93. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99. The firm has a 50 day moving average price of $22.27 and a two-hundred day moving average price of $21.92. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.84 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). Akzo Nobel had a return on equity of 12.18% and a net margin of 6.71%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.96 billion. Equities analysts predict that Akzo Nobel will post 1.40 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.