Akzo Nobel (AKZOY) Lowered to Hold at Zacks Investment Research
Akzo Nobel (OTCMKTS:AKZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
A number of other equities research analysts also recently weighed in on AKZOY. ValuEngine raised Akzo Nobel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Societe Generale downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $33.00.
Shares of Akzo Nobel (AKZOY) opened at $30.90 on Friday. Akzo Nobel has a twelve month low of $21.11 and a twelve month high of $31.64. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $23,192.67, a price-to-earnings ratio of 23.77, a PEG ratio of 1.90 and a beta of 1.11.
Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). Akzo Nobel had a return on equity of 14.88% and a net margin of 6.13%. The firm had revenue of $4.26 billion for the quarter. research analysts forecast that Akzo Nobel will post 1.62 EPS for the current fiscal year.
Akzo Nobel Company Profile
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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