Akzo Nobel NV (AKZOY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Akzo Nobel NV (OTCMKTS:AKZOY) from a buy rating to a hold rating in a research report released on Monday morning.

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 commented on the company. Societe Generale downgraded Akzo Nobel NV from a buy rating to a hold rating in a research report on Monday, September 25th. ValuEngine upgraded Akzo Nobel NV from a hold rating to a buy rating in a research report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Akzo Nobel NV currently has a consensus rating of Hold and an average target price of $34.00.

Akzo Nobel NV (OTCMKTS AKZOY) opened at 30.88 on Monday. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 20.39 and a beta of 1.12. The stock’s 50 day moving average price is $30.88 and its 200 day moving average price is $29.41. Akzo Nobel NV has a 12 month low of $20.21 and a 12 month high of $31.64.

Akzo Nobel NV (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $4.16 billion for the quarter. Akzo Nobel NV had a return on equity of 15.36% and a net margin of 6.63%. Equities research analysts anticipate that Akzo Nobel NV will post $1.42 earnings per share for the current fiscal year.

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Akzo Nobel NV 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, Specialty Chemicals, and Corporate and other. 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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