Akzo Nobel (OTCMKTS:AKZOY) Cut to “Hold” at The Goldman Sachs Group

Akzo Nobel (OTCMKTS:AKZOY) was downgraded by equities research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Finally, UBS Group raised Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Akzo Nobel Stock Performance

Akzo Nobel stock opened at $18.81 on Wednesday. The business has a 50 day moving average of $21.66 and a 200-day moving average of $22.36. The company has a market capitalization of $9.66 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.27 and a beta of 1.12. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $24.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08.

Akzo Nobel (OTCMKTS:AKZOY) last posted its 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 return on equity of 13.73% and a net margin of 6.49%.The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. On average, equities research analysts predict that Akzo Nobel will post 1.52 earnings per share for the current 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.