Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) announced its earnings results on Wednesday. The basic materials company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04), Zacks reports. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.
Akzo Nobel Stock Up 0.1%
AKZOY opened at $21.97 on Wednesday. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $25.99. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.79 and a beta of 1.16. The business has a 50 day moving average of $22.50 and a 200-day moving average of $21.92.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Oddo Bhf upgraded Akzo Nobel from a “neutral” rating to an “outperform” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.
Get Our Latest Analysis on AKZOY
Akzo Nobel Company Profile
Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.
Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.
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