Zacks Investment Research Lowers Akzo Nobel (AKZOY) to Hold
Zacks Investment Research lowered shares of Akzo Nobel (OTCMKTS:AKZOY) from a buy rating to a hold rating in a report published 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 analysts also recently weighed in on AKZOY. ValuEngine upgraded shares of Akzo Nobel from a hold rating to a buy rating in a report on Sunday, December 31st. Societe Generale downgraded shares of Akzo Nobel from a buy rating to a hold rating in a report on Monday, September 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $33.00.
Shares of Akzo Nobel (AKZOY) opened at $30.17 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.39. The stock has a market cap of $22,790.00, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. Akzo Nobel has a fifty-two week low of $20.66 and a fifty-two week high of $31.64.
Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). The company had revenue of $4.26 billion during the quarter. Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%. equities research analysts predict that Akzo Nobel will post 1.63 earnings per share for the current year.
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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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