Akzo Nobel (OTCMKTS:AKZOY) Reaches New 52-Week High – Still a Buy?

Akzo Nobel NV (OTCMKTS:AKZOYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.59 and last traded at $24.26, with a volume of 98143 shares changing hands. The stock had previously closed at $20.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AKZOY. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. 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 stock. According to MarketBeat, Akzo Nobel has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on Akzo Nobel

Akzo Nobel Price Performance

The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The company has a 50 day moving average of $19.66 and a 200 day moving average of $21.44. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last released its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. As a group, equities research analysts forecast that Akzo Nobel NV will post 1.46 EPS for the current fiscal year.

Akzo Nobel Company Profile

(Get Free Report)

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.

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