Akzo Nobel NV (OTCMKTS:AKZOY – Get 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
Akzo Nobel (OTCMKTS:AKZOY – Get 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
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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