Akzo Nobel (AKZOY) Raised to Hold at Zacks Investment Research
Akzo Nobel (OTCMKTS:AKZOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein began coverage on shares of Akzo Nobel in a research report on Monday, September 24th. They issued an “outperform” rating for the company. Barclays upgraded shares of Akzo Nobel from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 26th. Macquarie started coverage on shares of Akzo Nobel in a research report on Thursday, November 29th. They set an “outperform” rating for the company. Finally, Jefferies Financial Group upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Akzo Nobel has an average rating of “Buy” and an average price target of $32.00.
Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, October 17th. The basic materials company reported $0.23 earnings per share for the quarter. Akzo Nobel had a net margin of 9.76% and a return on equity of 9.48%. The firm had revenue of $2.70 billion for the quarter. Equities analysts anticipate that Akzo Nobel will post 0.77 EPS for the current fiscal year.
Akzo Nobel Company Profile
Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.
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