Zacks Investment Research Lowers Akzo Nobel (OTCMKTS:AKZOY) to Sell
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. “
Several other analysts have also commented on AKZOY. Macquarie reaffirmed a neutral rating on shares of Glencore in a report on Tuesday. Goldman Sachs Group set a €148.00 ($172.09) price objective on Airbus and gave the stock a buy rating in a report on Monday, April 1st. ABN Amro lowered Akzo Nobel from a buy rating to a hold rating in a report on Monday, April 8th. Finally, Citigroup set a $12.00 price objective on Avaya and gave the stock a hold rating in a report on Monday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Akzo Nobel presently has an average rating of Hold and an average price target of $32.00.
Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). Akzo Nobel had a return on equity of 5.10% and a net margin of 71.19%. The firm had revenue of $2.48 billion during the quarter. On average, research analysts expect that Akzo Nobel will post 1.03 earnings per share for the current fiscal year.
About Akzo Nobel
Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.
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